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NC Senate tax plan hits working families hard with food and medicine sales tax hikes

Posted By Amber Moodie-Dyer On May 22, 2013 @ 3:57 pm In NC Budget and Tax Center | Comments Disabled

The Senate budget proposal [1]currently being discussed in the Senate chamber will be passed without a review of the Senate tax plan. What we do know of that plan, however, is that it will subject food and prescription drugs to an increased sales tax, thereby further shifting the responsibility for funding government onto middle- and low-income families. As the graphic below from Together NC [2] illustrates (click on it to see a larger version), middle- and low-income families pay a much higher percentage of their income on food and medicine than do wealthy individuals, meaning a much harder hit on their pocket books.

FoodMedicine2 (3) [3]

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URL to article: http://pulse.ncpolicywatch.org/2013/05/22/nc-senate-tax-plan-hits-working-families-hard-with-food-and-medicine-sales-tax-hikes/

URLs in this post:

[1] Senate budget proposal : http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S402v2.pdf

[2] Together NC: http://togethernc.org/

[3] Image: http://pulse.ncpolicywatch.org/wp-content/uploads/2013/05/FoodMedicine2-3.jpg

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