Liberal Senator Josh Stein says Republicans give tax cuts to the rich. And he says he doesn’t like it.
But let’s consider a few facts. According to the Washington Post, Senator Stein was hired by former Mike Easley banking commissioner Joseph Smith to help oversee the Obama Administration’s $25 billion national mortgage settlement. Smith is monitoring the settlement for the court where the big banks alleged to have committed mortgage fraud are supposed to help homeowners.
According to the tax return of the National Mortgage Settlement, Josh Stein’s law firm was paid over $600,000 in 2013. Any payments made in 2014 were not disclosed.
So with $600,000 flowing into his law firm, it might be a safe assumption that Josh Stein is rich.
Meanwhile, the North Carolina Department of Revenue shows Josh Stein has received $200, 000 in tax credits for historic property rehabilitation in recent years. These tax breaks, which Senator Stein supports in the Legislature and writes off on his taxes, are for investors in properties classified as historic. (CPRNC)
So now we have Senator Stein criticizing tax breaks for the rich while supporting tax breaks for rich real estate investors like him. Does anyone see anything the least bit hypocritical here?