NC Budget and Tax Center, Uncategorized

Addressing the Federal Deficit by Ending the High-Income Tax Cuts

The Center on Budget and Policy Priorities put up a graph last week on the recent Congressional Budget Office’s analysis of ending the Bush tax cuts from 2001 and 2003 on income over $250,000.  The key finding is that ending these tax cuts would save almost $1 trillion over the decade. Compared to extending all the tax cuts, ending those cuts for the top 2 percent would save $823 billion in revenue and $127 billion on interest on the nation’s debt.  The graph here tells the story.

Check Also

Federal cuts threaten key NC priorities; State Senate budget makes matters even worse

The Senate budget passed last week sets out ...

Top Stories from NCPW

  • News
  • Commentary

The U.S. Supreme Court ruled Monday that the North Carolina GOP drew unconstitutionally racially ger [...]

As the N.C. House puts together its budget this week, the same thought is on the minds of representa [...]

Wednesday was the 63rd anniversary of the Brown v. Board of Education ruling, the milestone U.S. Sup [...]

So, the question as always comes down to one of vision. The elected chieftains who decide how much m [...]

2.8 billion---amount in dollars of needs in communities across the state for rebuilding efforts from [...]

The post Crumbs appeared first on NC Policy Watch. [...]

In the past few months, North Carolinians have seen our General Assembly make national news several [...]

Featured | Special Projects

Trump + North Carolina
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.
Read more


HB2 - The continuing controversy
Policy Watch’s comprehensive coverage of North Carolina’s sweeping anti-LGBT law.
Read more