April 18, 2017

North Carolina Justice Center: Prosperity Watch (Issue 72, No 3): Tax cuts since 2013 reinforce racial and ethnic exclusion

ITEP Work in Action

Changes to North Carolina’s tax system in recent years have had an impact on the level of available revenue for public investments and shifted tax responsibility among taxpayers. BTC analysis has already noted how the tax chances since 2013 have delivered a significant share of the net tax cut to the state’s highest income earners while reducing revenue by nearly $2 billion annually. Consequently, this outcome undercuts the state’s ability to invest in the foundations of a strong economy.

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