Tag: tax cuts

New poll shows bi-partisan opposition to tax cuts and strong support for funding public schools and an educated workforce

November 21, 2013 at 10:43 amCategory:NC Budget and Tax Center

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A majority of North Carolinians oppose tax cuts that put at risk the state’s investment in public education, a recent Public Policy Polling (PPP) survey shows. When presented with cutting funding for public schools in order to provide taxpayers a tax cut, 68% of North Carolinians oppose such a move.

The tax plan signed by Governor McCrory earlier this year reduced available revenue by $525 million over the next two years and revenue in future years is reduced even further. Benefits from tax cuts in the tax plan will largely flow to the wealthy and profitable corporations, which represent less than 10 percent of all businesses in North Carolina. Under the tax plan, the wealthiest taxpayers will see their taxes cut on average by more than $9,000, with top 1 percent of income earners getting 65 percent of the total net tax cut.

Opposition to cutting investments in public education to provide such tax cuts extends across ideology and political affiliation. Read More…

Reality Sinks In

November 6, 2013 at 4:36 pmCategory:NC Budget and Tax Center

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Nearly half of likely North Carolina voters familiar with the tax cut package state lawmakers enacted this year oppose it, while only 42 percent support it. Don’t take our word for it. That’s what a poll by a prominent supporter of the package shows.

Of course, the group that commissioned the poll, Americans for Prosperity, chose to highlight other results that were more favorable to its position. But those results came only after the respondents were given one-sided information about the tax package, which slashed income taxes for profitable corporations and the wealthy.

Among those who had heard “a lot” or “some” information about the tax package even before the pollster called, 47% opposed it. Forty-two percent supported it and 11% weren’t sure. Read More…

NC Department of Cultural Resources touts tax cuts

July 31, 2013 at 2:09 pmCategory:Uncategorized

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No, that headline is not a typo.postpic

North Carolina’s Department of Cultural Resources – you know, the folks with the mission to enrich lives and communities and create opportunities to experience excellence in the arts, history and libraries in North Carolina – has a post on its Facebook page in which it touts the state’s new and regressive tax changes and links to a Forbes.com article on the subject.

I suppose you can chalk it up to loyal administration staffers simply cheerleading for the people that hired them, but the post has ticked off a heck of a lot of Facebook commenters who are used to coming to the page to read about, you know, cultural issues. As of Thursday afternoon, 63 people had commented.

Here are a few of the mostly negative responses to the surprisingly political entry:

“I really enjoy the posts about NC culture and history. This post is neither.”

“I totally thought this was a gag post. Sad to say it was not.”

“What a Crock of Inappropriateness…Shame on you North Carolina Culture.”

Read More…

Education cuts vs. tax giveaways

July 30, 2013 at 10:51 amCategory:Uncategorized

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The wonks at the N.C. Budget and Tax Center have produced this  handy graphic showing some of the now-sacrificed education programs that could have been saved or expanded with the money from the McCrory tax cuts:

BTC Ed cuts pic

Prominent conservatives reject new tax, education cuts

July 29, 2013 at 10:49 amCategory:Uncategorized

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You know North Carolina has jumped off the cliff into the abyss when even two conservative figures with close ties to the John Locke Foundation are deriding the latest budget and tax policy choices made by state leaders.

Here, for instance, is longtime Locke Foundation Board member Assad Meymandi in Saturday’s edition of Raleigh’s News & Observer:

“Some 60 years ago, the founding fathers of the new North Carolina – transforming an agrarian society into an educational, technical and industrial state – folks like the late Bill Friday, Archie Davis, Gov. Luther Hodges and others saw the future salvation of our beloved state by heavily investing in education.

Their efforts have produced, among other things, a very strong UNC system of 16 campuses, parallel with the creation of the incomparable network of community colleges. They also advocated a strong N.C. Symphony, N.C. Museum of Art and other cultural and artistic institutions to attract educated and culturally inclined people to the state. Investing in education has paid off. N.C. economy has thrived because of its excellent public universities. UNC-Chapel Hill alone brings in annually around $900 million in research money and grants. It is truly frightening to see what the legislature is doing to the budgets of UNC system, N.C. community college system and UNC-TV. Read More…