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Expert responds to regressive House tax plan

Posted By Rob Schofield On June 4, 2013 @ 11:35 am In Uncategorized | Comments Disabled

Alexandra Sirota, Director of the North Carolina Budget and Tax Center [1] and the state’s leading independent tax policy expert issued the following brief statement this morning after the House Finance Committee debated and approved legislation to overhaul North Carolina’s tax code [2]:

“This tax plan will provide the wealthiest North Carolinians a tax cut while middle-class and low-income taxpayers pay more.

The only amendment accepted makes things worse — adding $525 million to the price tag and bringing the revenue loss each year to nearly a $1 billion.  Without this vital revenue, North Carolina can’t  make needed investments in our economy, our children’s education, the health of our seniors and the safety of our communities.”  

Click here for a fact sheet with more information on the legislation (HB 998). [3]


Article printed from The Progressive Pulse: http://pulse.ncpolicywatch.org

URL to article: http://pulse.ncpolicywatch.org/2013/06/04/expert-responds-to-regressive-house-tax-plan/

URLs in this post:

[1] the North Carolina Budget and Tax Center: http://www.ncjustice.org/?q=budget-and-tax

[2] debated and approved legislation to overhaul North Carolina’s tax code: http://www.wral.com/house-tweaks-tax-reform-plan/12513344/

[3] Click here for a fact sheet with more information on the legislation (HB 998). : http://mail.ncjustice.org/exchweb/bin/redir.asp?URL=http://salsa3.salsalabs.com/dia/track.jsp?v=2%26c=ffqzGYYX9ZfVh3DwxjaFA8Umb4gE0en4

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