NC Budget and Tax Center

Statement on House Budget Passage from Alexandra Sirota, Director, Budget & Tax Center

The House budget shortchanges the needs of North Carolinians — the inevitable result of tax cuts for wealthy people and large, profitable corporations.

And the House worsened the state’s prospects by voting down restoration of the state Earned Income Tax Credit, a proven tool for helping low-paid, working families make ends meet.

It’s time to reverse course and get back to investing in North Carolina’s future. That means stopping the next round of tax cuts scheduled to start in January 2015 and reducing reliance on lottery proceeds – an income source that falls most heavily on lower income people.

3 Comments

  1. Alex

    June 13, 2014 at 1:35 pm

    Every working person in North Carolina received a tax cut because they cut the overall tax rates, and increased the amount of exemptions for each person.

  2. Bobby Jones

    June 13, 2014 at 3:44 pm

    My knowledge of the Budget and Tax Center is very new. In the articles I’ve read, it is abundantly clear that this tax cut is not a tax cut for all. What we need are typical scenarios which illustrate the difference in 2013 and 2014 NC Estimated Taxes. Scenarios for folks who previously claimed EITC; scenarios of senior adults; scenarios of middle income folks. Those scenarios will allow for people to best understand the impact of this tax plan.

  3. jeff nelson

    June 13, 2014 at 8:27 pm

    Hi, My name is Jeff Nelson and I am a veteran teacher in Granville County. Please read and then help me add to the voices for change…The House is “offering” a 5% raise for teachers. This issue is not about a raise. It is about commitment and honor.. The NC House is now offering an average 5% raise. While it seems to be positive first step…this does not honor the commitment the state made, in writing to it’s teachers. This is not what we based our careers on. This is not what we budgeted our lives around. This is not a compromise, it is a bone. WE are not asking for a “raise”…we are asking for the state to honor it’s commitments, unfreeze the salary scale and move us to our correct step. So far over 550 people have signed the petition,representing 140+ communities and stretching from the mountains to the coast. This is what a commitment really is… Please add your voice…click the link, sign and share the petition. Show this state you have honored your commitments and believe the state should do no less… .http://petitions.moveon.org/sign/unfr