Commentary, NC Budget and Tax Center

Learn the facts that proponents of more tax cuts often ignore

As the Senate passed yet another round of tax cuts (which would largely go to wealthy people and companies), proponents tried to claim that past tax slashing has fixed our economic wagon. Not so fast. Hard numbers and lived experience tell us that several years of tax cuts have not addressed North Carolina’s most pressing economic problems.

A job does not guarantee escape from poverty or that people can afford the basic necessities.

Economic mobility is more myth than reality.

There still are not enough jobs for everyone that wants to work.

 

Check Also

Party like its 1929. Income inequality rivals era before the Great Depression

Before you dig out your flapper dresses and ...

Top Stories from NCPW

  • News
  • Commentary

Wake County judge rejects legislature's last-minute rule change on candidate party affiliation [...]

Earlier this month, the youth-led group Triangle People Power held a showing of “The Bail Trap,” a d [...]

The evening started well for Vista Green. Wood Beasley III tried to dazzle the Northampton County Pl [...]

At a standing-room only gathering to discuss the six proposed amendments to the North Carolina const [...]

The post Ship of State in a bottle… appeared first on NC Policy Watch. [...]

The issue of international trade – particularly with the world’s largest nation, China – has been mu [...]

The source for this week's Monday Numbers is the latest special report from the North Carolina [...]

The post UNC’s newest monument appeared first on NC Policy Watch. [...]