Citations

June 4, 2013. A new report from the Fiscal Policy Institute shows that legalizing undocumented immigrants, paired with labor standards enforcement, would boost economic productivity. Reform would remove barriers to advancement for newly legalized immigrants, create a level playing field for businesses, and align our systems of taxation, social services, and social insurance so that […]

80 percent of taxpayers would see slightly higher taxes under the first comprehensive tax legislation introduced this legislative session, while the top 1 percent of earners would get a tax cut.    The proposal threatens to erode resources for schools, health care and other services North Carolina needs to be economically competitive.    The proposal (Senate Bill […]

As policymakers consider changes to the state’s tax code, it is critical to maintain proven policy tools that reverse the upside-down nature of the system. The state EITC provides workers earning low wages with a credit to offset their total state and local tax contributions. The state EITC continues to be a critical support for […]

The State Earned Income Tax Credit is the best way to make sure that low-income North Carolinians are not paying more than their fair share of taxes, while also helping low-income families stay out of poverty and create a better future for their children. Unless lawmakers reverse course, close to one million working families in […]

In the current debate over tax reform, legislative leaders frequently hold up Tennessee as a role model for improving North Carolina’s economic competitiveness and ensuring future prosperity. But a look beneath the surface reveals that the Volunteer State has the wrong kind of economy to emulate—Tennessee models a pathway to poverty, not a pathway to […]

House Bill 998 proposes to cut tax rates with the goal of shifting to a consumption-based tax system. The legislation will result in a tax shift away from wealthy taxpayers and profitable corporations and towards middle- and low-income taxpayers while taking in less money for critical public services. Read the Full Report

North Carolina’s House leadership has thrown its hat into the tax shift ring with a plan that would increase the tax load on middle- and low income tax-payers while providing the wealthy and profitable corporations a tax cut. The House plan would convert North Carolina’s personal income tax to a flat rate, while making North […]

Policymakers need accurate information in order to make informed policy choices.  And the general public, too, should know what is at stake when their elected officials propose tax changes.  That is why it’s so important to have data on how the proposed tax changes in North Carolina will impact actual taxpayers in the state. The […]

RALEIGH (June 7, 2013) — The House today gave tentative approval to a tax plan that will shift the tax load to low- and middle-income taxpayers, give the wealthiest taxpayers a tax cut and put our public investments at risk. During today’s floor debate of HB 998, the House tax reform bill, there seemed to […]

The tax plan under consideration by the North Carolina House of Representatives would create a single income tax rate – known as a flat tax – that will shift taxes from the wealthy onto others. Proponents claim that doing away with the three rates North Carolina currently has, which rise along with income, is fair […]

New Senate Tax Plan risks North Carolina’s long-term growth to give tax cuts to the wealthy and profitable corporations THIS WEEK THE SENATE INTRODUCED ANOTHER TAX PROPOSAL. The new proposal, like all the others, is about massive tax cuts for the wealthy and profitable corporations, not tax reform. The Senate plan would cost more than […]

A proposal to eliminate Virginia’s top individual income tax rate would overwhelmingly benefit the state’s wealthiest residents, who already spend far less of their household budgets on state and local taxes than any other group. Nearly 40 percent of Virginia taxpayers would see no reduction in their taxes under the plan and most of the […]