Rob Schofield

Rob Schofield

If you’re an American of a certain age, you may remember one of the zanier TV comedy sketches of the late 20th century in which the great Steve Martin joined some of the early Saturday Night Live cast members in the role of “Theodoric of York, Medieval Barber.”

If your memory has faded or that was before your time, don’t fret, you can always find it online or catch a more modern iteration (though sadly, not for laughs) over at the North Carolina General Assembly, where Republican leaders are attempting to reprise the Martin role.

The premise of the Theodoric sketch was that early “medicine men” inflicted all manner of crazy and often counter-productive therapies on their patients, including Theodoric’s favorite cure-all: “a good bleeding.”

The obvious modern parallel for the grim history Martin’s dark humor highlighted, of course, is the fiscal policy that’s been pursued for the last decade by our one-trick-pony legislature.

Time and again, no matter the circumstance or the ill that afflicts the state, the prescription offered by Republican politicians and the conservative ideologues and business lobbyists who serve as their cheerleading enablers is the same: tax cuts.

Times tough and state revenues flagging? Must be a good time for a tax cut to “stimulate the economy.”

Things going a little better and receipts running ahead of projections? Sounds like another good time to cut taxes.

Public programs struggling to deliver essential services like education and transportation? Another obvious time to spur efficiency in government and promote “competition” by cutting taxes.

At present, North Carolina is struggling to recover from an unprecedented public health crisis that has claimed more than 12,000 lives and hundreds of thousands of jobs. Thousands of families face eviction. More lack access to basic health care. Hunger remains a large and widespread problem. Unprofitable businesses need assistance.

Meanwhile, the state’s public structures and systems battle chronic fiscal anemia. The school system faces a shortfall of billions and has been found to be in longstanding violation of the state constitution. Affordable childcare for working families provided by skilled and well-paid providers is almost nonexistent. Massive environmental challenges continue to multiply.

And the General Assembly’s prescription for this situation? Why, a good bleeding of the public coffers, of course.

Republicans in the North Carolina House are fighting over a proposal that would forgiving state taxes on federal pandemic relief benefits. This comes on top of another GOP proposal to further slash the state’s already pared down income tax with another rate reduction and standard deduction hike. These proposals, in turn, come on the heels of a long series of individual and corporate tax reductions enacted over the last several years.

The cumulative impact of these tax cuts has been a massive reduction in public investments. When one looks at the best measure of state’s ability to pay — the size of its economy — North Carolina’s current public investments come in nearly 22 percent below the 45-year average. When compared to the three-and-a-half decades before that, the falloff approaches 30 percent.

At such a moment, the last thing North Carolina needs is yet another crude, across-the-board fiscal bloodletting. That would take billions more out of essential public services and structures and provide yet another windfall to the state’s wealthiest residents — a group that’s largely prospered during the pandemic.

This isn’t to say that tax reductions are always a bad idea, especially given North Carolina’s upside-down code in which the richest individuals pay much less of their income in state and local taxes than the middle class and the poor.

A proposal to raise income taxes slightly on the well-off while providing a targeted reduction to low-income working families via a state earned income tax credit — as envisioned in recently introduced legislation entitled “A Tax Plan for a Just Recovery” — makes good sense.

Unfortunately, as with medieval health care practitioners — both real and parodied — the idea of a surgical approach that includes not just bloodletting, but transfusions, appears to be beyond the capacity of GOP lawmakers.

Rob Schofield is director of NC Policy Watch, a nonprofit public policy research organization in Raleigh.