The third way and the unfortunately easy way – NC Policy Watch

By the time you read this, the details may have changed slightly, but it appears that House and Senate negotiators have agreed on the basics on a $990 million revenue package, clearing the way for the final approval of the state budget and the adjournment of the 2009 legislative session.

Most of the money raised by the compromise would come from a three-quarter-cent increase in the regressive state sales tax, higher taxes on cigarettes and alcohol, and a temporary two-percent surcharge on personal and corporate income taxes.