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Statement on the House tax bill from the Director of the Budget & Tax Center

Statement on the House tax bill from Alexandra Sirota, the Director of the Budget & Tax Center, a project of the NC Justice Center:

“In North Carolina, we have seen how this approach to tax cuts plays out. Some people end up paying more, and everyone loses from diminished investment in their community and an economy that fails to get a boost. Federal pursuit of yet another failed tax-cut experiment will make our state challenges even worse by shifting costs to our state and leading to cuts in services. Our federal delegation should step up in this process, urging careful debate of any tax plan and rejection of one that grows the deficit, gives massive tax breaks to the wealthy and forces cuts to programs that build a pathway to the middle class for millions of Americans.”

Click here for more information about the impact of the proposed federal tax changes.  [1]