NC Budget and Tax Center

Statements from the Budget and Tax Center

On the Senate Tax Plan receiving tentative approval:

The Senate tax plan will give tax cuts to the wealthy and profitable corporations while everyone else pays the price.

The loss of revenue for public education, the health and well-being of seniors and children, and our communities will harm everyday North Carolinians and the economy’s long-term health. Some North Carolinians will even experience income tax increases, including some seniors and families.

North Carolinians want a tax plan that won’t risk the things that have made our state great, especially not on a strategy that has been a proven failure in other states.

On the House Budget passing third reading:

Unfortunately the House is following path similar as the Senate by writing a budget that prioritizes tax cuts that primarily benefit the wealthiest instead of adequately funding our vital public investments. Our children, seniors and everyday families will suffer under this approach, and it will hurt our economy. We need an educated and trained workforce for a 21st century economy, and underfunding our public school system, community colleges, and universities takes us in the wrong direction.

 

Check Also

New research confirms: Tough immigration enforcement policies do not lower crime rates

New research released by professors at the University ...

Top Stories from NCPW

  • News
  • Commentary

If you only look at the unemployment rate and the stock market, you probably think most families are [...]

It’s a strikingly familiar tale in North Carolina: voters are waiting with bated breath for a court [...]

This week, five years after a federal judge struck down North Carolina’s ban on same-sex marriage, t [...]

As the proud owner of a new restaurant, Leonardo Williams surely had other things to do this past Sa [...]

The post Rep. Lewis’ divided interest appeared first on NC Policy Watch. [...]

We’re now almost 33 months into the one of the darkest eras in American political history – a period [...]

You can’t teach an old dog new lies. Two years ago, while stumping to give huge tax breaks to multin [...]

"The struggle for gay rights is over,” the writer James Kirchick wrote in The Atlantic in June. [...]