In case you haven’t heard, the North Carolina Senate has proposed a tax bill that they claim cuts taxes by $1 billion. They also claim that these tax cuts are mostly going to help middle-income folks out. These claims are both false.
The billion dollar claim is a rounding error that is nearly 20 percent off the mark.
Not to mention, lawmakers also want to permanently change our state constitution so we can’t change the income tax again in the future. That’s just locking in another giveaway to millionaires that cuts off a vital source of revenue.
These choices would mean we won’t have enough to pay for the stuff that makes North Carolina great. Like roads. And schools. And protecting our environment. What happens the next time we have a big storm like Hurricane Matthew that we need to rebuild from? Read more