Archives

This is from this morning’s Fayetteville Observer:

“The state’s fiscal year began last week, but it did so without benefit of a new budget. That’s on hold until the House and Senate can agree on much-needed changes in the tax code.

Unfortunately, the two legislative bodies are miles apart in their tax plans and appear determined to stay that way for a while. Until they settle on the way they’ll tax us, they can’t move forward on the way they’ll spend the money.

The Senate did blink last week. It passed a watered-down version of its tax plan Wednesday. But even that modified bill may be stronger medicine than many state interests want to take. It eliminates corporate income taxes over the next few years and cuts personal income taxes to a flat 5.75 percent.

Legislative analysts conclude that the measure will be most beneficial to the wealthy. Read More

Alexandra Sirota, Director of the North Carolina Budget and Tax Center 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:

“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).

Grover NorquistHow low have things sunk in the Raleigh policy debate? This low: A front group for corporations and greedy billionaires is bringing a has-been Washington lobbyist to town to promote higher taxes on poor and middle class North Carolinians and some are calling it a “tax reform” event.

Grover Norquist is about ”reforming” tax policy in the same way that Rush Limbaugh is  about ”reforming” American political discourse. Norquist is a well-funded bully who has done much to ruin the well-being of the Republic. His most infamous quote — that he wants to shrink government down to the size at which it can be “drowned in the bathtub” bespeaks the hatred and violent underpinnings of his noxious, greed-is-good “philosophy.”  

Norquist will confirm the dishonesty and hypocrisy that lies at the heart of his work today when Read More

With the debates over state tax policy taking center stage these days, now is a good time to focus on one of the critical aspects of the discussion: the impact on fairness. If you live in or near the Queen City, don’t miss an opportunity next Thursday April 25 to hear from two extremely knowledgeable experts this subject. Here are the details:

Tax the poor, feed the rich?

Why making North Carolina’s tax system even more regressive is a terrible idea

Featuring nationally acclaimed author and policy expert, Dr. Katherine Newman.

Click here to register. Read More

Fair fightCheck out this event to day if you get a chance!

LUCHADORAS TO FIGHT FOR TAX FAIRNESS ON TAX DAY

Turning Tax Day 2013 into a fun and memorable event with a serious call to action on Bicentennial Mall, 12:30 April 15th

RALEIGH, N.C. – Working families fed up with paying the costs for the lack of tax fairness will finally get a chance to settle the score between the people and the powerful when champions for both sides face off at a public wrestling match on Bicentennial Mall beginning at 12:30 P.M. on Monday, April 15th – Tax Day.

“We need a champion who will fight for justice and fairness, who will stand up to those in Congress who are holding the middle class hostage, who will challenge legislative leaders who want working folks to pay more so corporations can pay less,” said state AFL-CIO secretary-treasurer, MaryBe McMillan, in calling for the Fair Fight. Read More