fbpx

Statement on Senate proposal to further cut taxes

Despite the clear need to make investments that will put North Carolina on sounder economic footing, the Senate is proposing another round of tax cuts that will hinder the state’s progress, including more income tax cuts and tax breaks for certain businesses. This is a strategy that has failed in many other states.

Now is a critical moment in the economic recovery, and we must leverage this moment to reposition the state’s economy to work for everyone. But this requires that lawmakers raise enough revenues to ensure a quality education for every child, support an efficient and impartial judicial system and provide for the health and safety of all North Carolinians.

If the Senate continues to pursue tax cuts above reinvestment, it will compromise our quality of life and competitiveness now and in the future.

Load More Related Articles
Load More By Alexandra Sirota
Load More In NC Budget and Tax Center

Top Stories from NCPW

  • News
  • Commentary

As a family medicine physician in training, I have been closely following the news about Roe… [...]

Relentless heat -- Raleigh is running well ahead of the 30-year average in the number of… [...]

The Commonwealth Fund, a nonprofit that promotes high-quality health systems, publishes a scorecard each year that… [...]

As LGBTQ Pride month came to a close this past week, queer people in North Carolina… [...]

As a family medicine physician in training, I have been closely following the news about Roe… [...]

The North Carolina General Assembly brought its 2022 “short session” to a close last week. Well,… [...]

The post SCOTUS and the next explosive case for Democracy appeared first on NC Policy Watch. [...]

Last week’s U.S. Supreme Court’s ruling that Americans no longer have a constitutional right to control… [...]