North Carolina
Buenos Aires Herald: The US – the poorest rich country on earth
March 10, 2014
(Original Post) By Gabriela Esquivada For The Herald in US The United States is often referred to as the “land of opportunity.” But an increasing number of US citizens are feeling the pinch, struggling to makes ends meet as inequality in the country rises. From New York, Gabriela Esquivada looks at how the richest nation […]
Article 3: Will Georgia Go Blue?
March 6, 2014
(Original Post) By Eric Bates | March 6, 2014 If you had told me last year that a red state in the Deep South could possibly turn blue within two or three election cycles, I probably would’ve laughed at you and then dismissed everything you had to say about politics ever again. But to my […]
North Carolina Justice Center: Duke Energy the subject of another scathing report
February 27, 2014
One of North Carolina’s largest, most profitable (and most controversial) corporations is the subject of renewed criticism today. A new report co-released last night by the Washington, DC-based groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy along with the North Carolina Budget and Tax Center reveals that Duke Energy has […]
North Carolina Justice Center: Many of America’s Most Profitable Corporations Pay Little or No Federal Income Taxes; Headquartered Companies in N.C. Top the List
February 26, 2014
Washington, D.C. (February 26, 2014) – A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them paid no federal corporate income tax in at least one of the last five years while one-third paid a U.S. tax rate less than 10 percent over the same period, including 26 that […]
News & Observer: Duke Energy paid no federal income taxes in recent years
February 26, 2014
(Original Post) Posted by David Ranii on February 26, 2014 Duke Energy is one of 26 profitable Fortune 500 companies that paid no federal income taxes over the past five years, according to a new report. A Duke spokesman said the Charlotte-based company benefited from accelerated depreciation on billions of dollars in capital investments that […]
Tax Analysts: Short on Revenue, State and Local Governments Turn to Nonprofits
February 3, 2014
And in North Carolina, lawmakers and leaders of nonprofits fought a bitter battle last year over exemptions for nonprofits. Ultimately, HB 998 capped nonprofits’ sales tax refunds at $45 million and required them to begin collecting sales and use taxes on admission charges to entertainment activities. Their property, income, and payroll tax exemptions were […]
Milwaukee Courier: Gov. Walker plans massive sales tax hike on the working class
January 22, 2014
(Original Post) 18 JANUARY 2014 Compiled by Courier Staff It’s no secret that Wisconsin is in poor economic shape. Recent numbers indicate that the state is 38th in private sector job growth in the last two years. Despite Governor Scott Walker’s insistence that his Tea Party reforms are working, families in Milwaukee and across the […]
Fox Business: Income Analysis Shows Widening Gap
December 11, 2013
(Original Post) By Judy Martel Published December 10, 2013 Bankrate.com As Americans continue to climb out of the worst economic downturn since the Great Depression, many experts are taking note of a widening gap between the “haves” and the “have-nots.” Federal income data over the past 20 years show a growing divide in income among […]
The Progressive Pulse: Profiles in tax avoidance – Yum! Brands
December 2, 2013
(Original Post) Post on November 26, 2013 by Allan Freyer When Thanksgiving rolls around, no one wants to watch someone else eat all the turkey and then have to pick up the grocery bill all by themselves. But that’s what’s happening in our nation’s budget debate—highly profitable multinational corporations are using special tax loopholes, credits, […]
Politico: Arthur Laffer is back as GOP tax man
October 15, 2013
By RACHAEL BADE | 10/14/13 11:03 PM EDT Four decades ago at the Washington Hotel, a quirky economist made a pitch on the back of a napkin to Ford administration officials Dick Cheney and Donald Rumsfeld: Cutting taxes would create an economic boom. Back then, many Republicans opposed tax cuts, but that famous “Laffer […]
Gas tax revenues are on an unsustainable course. Over the last five years, Congress has transferred more than $53 billion from the general fund to the transportation fund in order to compensate for lagging gas tax revenues. By 2015, the transportation fund will be insolvent unless an additional $15 billion transfer is made. Larger transfers will be needed in subsequent years.
Center for American Progess: The Real Cost of Cuccinelli
September 23, 2013
Besides working on these major research projects, I developed CTJ/ITEP’s strong online media presence. One of the most important roles I play is as the primary web manager for both CTJ and ITEP. Similarly, over the past two years I successfully initiated and then maintained CTJ and ITEP’s social media presence. Center for American Progress […]
New Census Bureau data released this month show that the share of Americans living in poverty remains high, despite other signs of economic recovery. The national 2012 poverty rate of 15 percent is essentially unchanged since 2010 , but still 2.5 percentage points higher than pre-recession levels. This means that in 2012, 46.5 million, or about 1 in 6 Americans, lived in poverty.1 The poverty rate in most states also held steady with five states experiencing an increase in either the number or share of residents living in poverty while only two states saw a decline.2
News & Observer: America’s growing income divide
September 16, 2013
By Ned Barnett The downtown lot where Raleigh’s Occupy movement once camped is now empty. The fast-food workers who picketted over being paid the meager minimum wage of $7.25 an hour have gone back to making burgers and fries. The Moral Monday protesters have vanished from outside the state Legislative Building, their weekly gatherings […]
North Carolina Justice Center: Final Tax Plan Falls Far Short of True Tax Reform
September 11, 2013
The tax plan recently signed into law by Governor Pat McCrory fails to make the fundamental changes North Carolina needs to create a modern, adequate and fair revenue system that can boost the state’s economy and strengthen schools, health care and other services families need to prosper and the economy needs to grow. The plan […]
The Washington Times: Uneven results with changes to gas tax in Md., Va.
August 21, 2013
An 18-cent disparity in the cost of a gallon of gas between Maryland and Virginia appears to support predictions of radical price changes after lawmakers in both states took widely different approaches to raising transportation funding through gas taxes this year.
PBS: State Tax Cuts: Is Arthur Laffer All Wet?
August 2, 2013
The correlation between states having no income tax and their economic growth is not as direct as Reagan White House economic adviser Arthur Laffer says it is, argues tax economist Joel Slemrod.
The Davis Enterprise: Snippets of energy news
August 1, 2013
Back in the old days, when you went to the movies, theaters often would show a double feature, and these two movies would be preceded by a cartoon and a newsreel. The double feature is long gone, as is the cartoon, and the newsreel has been replaced with about 20 minutes of previews of coming attractions and, if you get there early enough, a bunch of advertisements.
PBS: How Low Can They Go? Arthur Laffer Defends Slashing State Income Taxes
August 1, 2013
In this 2012 Making Sen$e report, former Reagan White House economic adviser Arthur Laffer drew his famous curve on a napkin -- just the way he did for the Ford administration -- and explained how it works.
McClatchy-Tribune: States expand sales tax holidays beyond back-to-school items
July 22, 2013
Many states with back-to-school sales tax “holidays” are expanding them to cover almost any purchase, in addition to the usual kids’ clothing, shoes, books and school supplies. As schools and students replace ink and paper with pixels, some states are expanding their holidays to cover sales taxes on low-cost computers and tablets. These electronics […]
The Progressive Pulse: Facts matter about the tax “reform” debate
July 22, 2013
(Original Post) Post on July 19, 2013 by Jeff Shaw5 Comments » When making important decisions, people have a right to the best possible information. Facts, not ideology, should drive our policy agendas. This is especially true on budget and tax issues, which affect everyone in North Carolina. Unfortunately, John Hood’s recent column on the […]
Think Progress: North Carolina Lawmakers Ram Through Plan That Would Increase Taxes On Poor People
July 18, 2013
(Original Post) By Igor Volsky on Jul 16, 2013 at 12:45 pm Gov. Pat McCrory (R-NC) (Credit: Takaaki Iwabu/The News & Observer) North Carolina lawmakers rammed through massive tax reforms on Tuesday that would disproportionately benefit higher-income earners, bringing the measure to a vote in the House after approximately 25 minutes of debate. The legislative […]
North Carolina Justice Center: The Math Doesn’t Add Up
July 15, 2013
The latest Senate tax plan continues to provide large tax cuts to the wealthiest taxpayers and profitable corporations, while shifting more of the overall tax load to middle-class families and reducing revenue for schools, health care and other services by nearly $1 billion each year when fully implemented. While Senators say the new scheme addresses […]
Off the Charts: Getting the Whole Story in State Tax Debates
July 10, 2013
(Original Post) July 8, 2013 at 9:02 am Posted by: Nicholas Johnson This year’s state tax debates have revealed a very important flaw in how states typically make tax policy. Fortunately, it’s a flaw that can be fixed. In most states, policymakers lack sufficient information on how tax changes will affect the after-tax distribution of […]
Stateline: States Expand Sales Tax Holidays Beyond Back-to-School Items
July 10, 2013
(Original Post) By Elaine S. Povich, Staff Writer A crowd of about 100 line up outside of the Apple Store in the Saddle Creek shopping center in Germantown, Tenn., to get a head start on last year’s tax free weekend. (AP) Many states with back-to-school sales tax “holidays” are expanding them to cover almost […]
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