Tag: taxes

League of Women Voters pans regressive tax plans

June 3, 2013 at 11:30 amCategory:Uncategorized

by

Just in from the good people at LWV-NC:

League Opposes Tax Plans

The League of Women Voters of North Carolina, meeting in Charlotte for its 34th biennial convention, announced its opposition to tax plans now being considered in the General Assembly which promote unfair and regressive tax policies, including House Bill 998.  This opposition is in line with long-standing positions of the non-partisan organization.

The League, which led the successful state-wide campaign to repeal the tax on food in the 1990′s, expressed concern that the tax plans being considered in the General Assembly will actually impede, rather than deliver, economic growth, job creation and the quality of life for NC citizens. Read More…

Eliminating income taxes not a solution to addressing the ups and downs of revenue

May 23, 2013 at 4:19 pmCategory:NC Budget and Tax Center

by

The proposed Senate tax plan and the recently released House tax plan aim to eliminate the personal income and corporate income taxes. These two taxes raise more than $11 billion and represent over half of the state’s total tax revenue. Among the contentions made by proponents of cutting and eliminating income taxes is that doing so will make the state’s revenue system more stable.

A 2013 report by the Center on Budget and Policy Priorities (CBPP) finds that, over the long-term, income taxes grow more than other state taxes and better reflect economic performance. Importantly, the income tax is not significantly more unstable than sales tax when viewed over time. And the benefit of the long-run growth of the income tax is lost with its elimination. Read More…

NC Senate tax plan hits working families hard with food and medicine sales tax hikes

May 22, 2013 at 3:57 pmCategory:Uncategorized

by

The Senate budget proposal currently being discussed in the Senate chamber will be passed without a review of the Senate tax plan. What we do know of that plan, however, is that it will subject food and prescription drugs to an increased sales tax, thereby further shifting the responsibility for funding government onto middle- and low-income families. As the graphic below from Together NC illustrates (click on it to see a larger version), middle- and low-income families pay a much higher percentage of their income on food and medicine than do wealthy individuals, meaning a much harder hit on their pocket books.

FoodMedicine2 (3)

The tax debate in one compelling picture

May 16, 2013 at 4:36 pmCategory:Uncategorized

by

The following picture from the good folks at Together NC  tells provides the main information you need to know about the right’s move to shift North Carolina’s tax code away from income taxes and toward sales taxes:

Blowhard lobbyist for corporations and the rich in town to promote tax increases on average North Carolinians

May 16, 2013 at 10:33 amCategory:Uncategorized

by

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…