April 3, 2017

NC Policy Watch: What you need to know as the state Senate moves to cut taxes yet again

ITEP Work in Action

The North Carolina Senate is moving ahead yet again – perhaps as early as this afternoon – with a new proposal to further reduce state taxes and the revenues they generate to fund essential public structures and services. While the plan is billed as “a billion dollar middle class tax cut,” a closer look at the data reveals that this is an inaccurate and misleading label. As is demonstrated in the essays below, not only does the plan include yet another round of unnecessary and illogical tax cuts for profitable businesses, most of the tax cuts targeting individuals would actually flow to the wealthy. We invite you to read and share these two essays widely.

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