North Carolina Tax and Budget Center: BTC REPORTS: Doubling Down on a Losing Strategy – More Income Tax Cuts Will Grow Budget Shortfalls, Not the Economy
ITEP Work in ActionNorth Carolina policymakers have proposed another round of income tax cuts on top of those they passed in 2013. Senate Bill 526 would cost at least $1.4 billion by 2017, causing a new wave of cuts to services North Carolinians rely on each day and compounding the problems created by the tax cuts passed two years ago.