“Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan group that advocates tax fairness, says North Carolina is virtually alone in the nation in giving away the fruits of recovery.
“It’s very counter to what we’ve seen in other states where revenue has come back and states are making investments to make up for cuts during the recession,” Wiehe says.
The only other state indulging in repeated tax cuts is Ohio, Wiehe says, but Ohio has approved a federally funded expansion of its Medicaid program and added an earned income tax credit for low-wage earners. North Carolina, along with 18 other states, is still rejecting the billions of federal health care dollars expansion would bring and has eliminated its earned income tax credit.”
Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan group that advocates tax fairness, says North Carolina is virtually alone in the nation in giving away the fruits of recovery.
“It’s very counter to what we’ve seen in other states where revenue has come back and states are making investments to make up for cuts during the recession,” Wiehe says.
The only other state indulging in repeated tax cuts is Ohio, Wiehe says, but Ohio has approved a federally funded expansion of its Medicaid program and added an earned income tax credit for low-wage earners. North Carolina, along with 18 other states, is still rejecting the billions of federal health care dollars expansion would bring and has eliminated its earned income tax credit.Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan group that advocates tax fairness, says North Carolina is virtually alone in the nation in giving away the fruits of recovery.
“It’s very counter to what we’ve seen in other states where revenue has come back and states are making investments to make up for cuts during the recession,” Wiehe says.
The only other state indulging in repeated tax cuts is Ohio, Wiehe says, but Ohio has approved a federally funded expansion of its Medicaid program and added an earned income tax credit for low-wage earners. North Carolina, along with 18 other states, is still rejecting the billions of federal health care dollars expansion would bring and has eliminated its earned income tax credit.
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