North Carolina
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media mention October 16, 2014 USA Today: Fact Checking the NC Senate Race
Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, said that, based only on the income tax portion of the changes, about 35% of North… -
media mention October 10, 2014 Politico: Fact Checking the NC Senate Race
Meg Wiehe, state tax policy director for the Institute on Taxation and Economic Policy, said that, based only on the income tax portion of the changes, about 35 percent… -
ITEP Work in Action September 8, 2014 North Carolina Justice Center: Stronger Earned Income Tax Credit and Minimum Wage – Both Needed to Help Low-Wage Working Families
There are two critical policy tools that can help put low-wage workers on the path to economic security: the minimum wage and the Earned Income Tax Credit (EITC). Together these… -
media mention June 17, 2014 Politico: Tar Heel State Tackles Teacher Pay
In North Carolina, teacher pay is so low that educators are turning out for job fairs hosted by other states with the promise of higher salaries [http://bit.ly/1lJQ1e2] elsewhere. And the Tar Heel State ranks near the bottom — at 46th in the country — when it comes to teachers’ salaries. Meg Wiehe, director of state tax policy at the Institute on Taxation and Economic Policy, told Morning Education those issues are at the heart of two proposals coming out of the state legislature. To pay for teacher pay increases, the state senate proposed asking teachers to give up their tenure rights, asking state residents to voluntarily return their state tax refunds and firing teaching assistants to save money. The state house’s idea would pay for increases through extra state lottery revenue generated by increased spending on lottery advertising. Both chambers will try to come to a compromise in the coming days with the start of the fiscal year looming on July 1.
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media mention June 17, 2014 Politico: North Carolina’s Two Odd Tax Proposals
The Institute on Taxation and Economic Policy’s Jenice Robinson previews what’s happening in the state on the tax front. “The North Carolina Legislature is back in session this week, and two odd proposals are on the table,” Robinson writes in an email. “North Carolina teachers are among the lowest paid in the nation, and they haven’t had a salary increase since 2008. The state legislature, after enacting major tax cuts that lose hundreds of millions in revenue, is trying to figure out how to fund teacher pay increases. The Senate has proposed asking state residents to voluntarily return their state tax refunds. The state House has proposed increasing the amount of revenue spent on advertising the state lottery with the expectation that advertising would bring in hundreds of millions in lottery revenue, which could be used to fund teachers salaries.”
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media mention June 13, 2014 The Progressive Pulse: House leadership takes a different path than Senate and Governor when it comes to paying for its budget
Posted by : Tazra Mitchell Wednesday, June 11, 2014 It is worth lifting up the question that few people are asking: what if the tax plan ends up costing more… -
media mention May 30, 2014 Progressive Pulse: How the Senate Pays for Its 2015 Budget Proposal
By Tazra Mitchell, May 30, 2014 On Wednesday evening, the North Carolina Senate unveiled its $21.16 billion budget proposal for the 2015 fiscal year that begins in June 2014 and… -
ITEP Work in Action May 22, 2014 North Carolina Justice Center: First in Flight from the EITC – Low-Income Working Families Bid Farewell to NC’s Earned Income Tax Credit
Unless lawmakers reverse course, close to one million working families in North Carolina will claim the state Earned Income Tax Credit (EITC) for the last time this tax season, bringing… -
ITEP Work in Action May 22, 2014 NC Policy Watch: North Carolina can make tax system more fair by reinstating its state Earned Income Tax Credit
It comes as no surprise to working families that North Carolina’s tax system is fundamentally unfair. Families who make less than $47,000 a year pay, on average, nearly 2 times… -
ITEP Work in Action May 9, 2014 North Carolina Justice Center: Raising the Bar in the Budget Debate
The Legislature’s upcoming budget debate is an opportunity to change the state’s direction and ensure a stronger recovery from the Great Recession. To do so, policymakers must make the critical… -
media mention April 16, 2014 The Transylvania Times: No True Tax Reform
(Original Post) Within the past few days, thousands of North Carolinians have been scurrying to complete and file their state and federal income tax returns. As always, there is a… -
ITEP Work in Action April 14, 2014 North Carolina Justice Center: Who Pays in 2014 – Tax Plan Creates Winners and Losers in North Carolina
Changes are coming to who pays taxes in North Carolina, and the news is not good for middle- and low-income taxpayers. This tax season marks the final year taxpayers will… -
media mention March 27, 2014 Rocky Mountain Telegram: Tax loopholes favor giant corporations
(Original Post) Tuesday, March 25, 2014 Gov. Pat McCrory and the Republican-led N.C. General Assembly in 2013 made good on their promises to cut corporate income taxes in order for… -
media mention March 24, 2014 News & Record: Next to nothing
(Original Post) What’s less than a lower corporate income-tax rate? What some businesses actually pay. North Carolina legislators cut the state’s corporate income-tax rate last year from 6.9 percent to… -
ITEP Work in Action March 21, 2014 NC Policy Watch: Profitable corporations avoid paying fair share of taxes
As our state leaders continue to look for ways to give more and more tax cuts to profitable corporations, these corporations continue to find ways to avoid paying their fair… -
ITEP Work in Action March 20, 2014 North Carolina Justice Center: Tax change for multistate corporations would harm state investments
State lawmakers are considering a change that would provide a tax cut to a handful of corporations and no guarantee of job creation, says a report released this morning by… -
media mention March 13, 2014 The Digital Journal: Customers will pay for ash pond cleanup, Duke Energy CEO says
(Original Post) BY KELLY FETTY Charlotte – Duke Energy expects its customers to pay for the cleanup and removal of hazardous coal ash ponds in North Carolina, CEO Lynn Good… -
ITEP Work in Action February 27, 2014 North Carolina Justice Center: Duke Energy the subject of another scathing report
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… -
ITEP Work in Action February 26, 2014 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
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… -
media mention February 26, 2014 News & Observer: Duke Energy paid no federal income taxes in recent years
(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… -
media mention December 2, 2013 The Progressive Pulse: Profiles in tax avoidance – Yum! Brands
(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… -
media mention September 16, 2013 News & Observer: America’s growing income divide
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… -
ITEP Work in Action September 11, 2013 North Carolina Justice Center: Final Tax Plan Falls Far Short of True Tax Reform
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… -
media mention July 22, 2013 The Progressive Pulse: Facts matter about the tax “reform” debate
(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… -
media mention July 18, 2013 Think Progress: North Carolina Lawmakers Ram Through Plan That Would Increase Taxes On Poor People
(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… -
ITEP Work in Action July 15, 2013 North Carolina Justice Center: The Math Doesn’t Add Up
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… -
media mention July 1, 2013 Triangle Business Journal: N.C. gas tax rises to 37.6 cents a gallon
(Original Post) Jul 1, 2013, 3:57pm EDT Logistics & Transportation Chris Bagley Staff Writer- Triangle Business Journal North Carolina increased its motor fuels tax to its second-highest level in history… -
media mention June 24, 2013 News & Observer: NC tax reform will have major implications for next generation
By Christopher Gergen and Stephen Martin There are times when stark choices about the future of our state arise – and we seem to be at one of these crossroads… -
ITEP Work in Action June 21, 2013 North Carolina Justice Center: No Protection for Working Families
Both the Senate and House tax plans would give huge tax cuts to the wealthy and profitable businesses while failing to address the state’s flawed tax system, which requires low-… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: First Comprehensive Tax Legislation Would Not Protect Low- and Middle-Income Taxpayers from Tax Increases
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: State EITC is the best tool to reduce an increased tax load on low-income taxpayers
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: A Pathway to Poverty – 3 Reasons Why Tennessee is a Bad Role Model for North Carolina’s Economic Future
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: Key Concerns with House Bill 998
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: North Carolina’s Tax Shift Saga Continues
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: Analyzing the Impact of Tax Changes – Economic Incidence Analysis a more accurate measure of how taxpayers will fare
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: HB 998 is a tax shift: Millionaires will benefit while low-and middle income will pay
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: House’s Flat Income Tax a Windfall for the Wealthy
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… -
ITEP Work in Action June 14, 2013 North Carolina Budget & Tax Center: Gambling Away Our Future
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,… -
media mention June 13, 2013 The Progressive Pulse: 90% of benefits from Corporate Income Tax repeal to go out of state
(Original Post) Post on June 12, 2013 by Allan Freyer One of the most eye-popping parts of the Senate tax reform plan is the proposed elimination of the state’s Corporate… -
media mention May 17, 2013 The Progressive Pulse: Blowhard lobbyist for corporations and the rich in town to promote tax increases on average North Carolinians
(Original Post) Post on May 16, 2013 by Rob Schofield How low have things sunk in the Raleigh policy debate? This low: A front group for corporations and greedy billionaires… -
media mention May 8, 2013 WFAE: N.C. GOP Leaders Unveil Plan To Cut, Expand Taxes
(Original Post) 5:13 pm, Tue May 7, 2013 By Michael Tomsic “The largest tax cut in North Carolina history.” That’s how Republican state senate leaders describe the tax plan… -
media mention April 30, 2013 Charlotte Observer: On N.C. state sales tax, a special deal for many businesses
By Dan Kane dkane@newsobserver.com Posted: Monday, Apr. 29, 2013 In the thick of the Great Recession four years ago, state lawmakers fought into the evening over a proposed one-penny increase… -
ITEP Work in Action April 12, 2013 North Carolina Justice Center: Profiles in corporate tax avoidance- Duke Energy
Duke Energy at a glance Largest electric power holding company in the U.S.; serves vast majority of NC electric consumers Assets: $114 billion 2012 Profits: $1.792 billion Net 2012 tax… -
ITEP Work in Action April 12, 2013 North Carolina Justice Center: Profiles in corporate tax avoidance- Merck
Merck & Co. at a glance One of the largest pharmaceutical companies in the world; key player in global vaccine production and distribution. 2012 Sales: $14 billion 2012 Assets: Total… -
ITEP Work in Action April 3, 2013 North Carolina Justice Center: First Comprehensive Tax Legislation Would Not Protect Low- and Middle-Income Taxpayers from Tax Increases
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… -
ITEP Work in Action March 27, 2013 North Carolina Jusice Center: North Carolina’s Business Tax Deduction – Who Benefits?
In the 2011 budget, the North Carolina General Assembly created a deduction for the first $50,000 in non-passive income for businesses filing through the personal income tax. Proponents of the… -
media mention February 21, 2013 Charlotte Observer: Will reform unfairly target the vulnerable?
By Meg Wiehe Special to the Observer Posted: Tuesday, Jan. 29, 2013 By all accounts, North Carolina’s tax system will come under heavy scrutiny this year. Gov. Pat McCrory and… -
media mention February 21, 2013 Charlotte Observer: State Sen. Bob Rucho says North Carolina tax system needs an overhaul
By Jim Morrill jmorrill@charlotteobserver.com Posted: Saturday, Feb. 02, 2013 RALEIGH Republican state Sen. Bob Rucho is screening his PowerPoint to yet another audience, watching slide after slide build a case… -
media mention February 21, 2013 WFAE: As N.C. Considers Tax Overhaul, How Does Current System Work?
(Original Post) By Michael Tomsic Governor Pat McCrory and state lawmakers are considering major changes to North Carolina’s tax structure. So we decided to take a closer look at… -
media mention January 30, 2013 Jefferson Post: The rigged debate on tax reform
by Chris Fitzsimon N.C. Policy Watch The current debate over tax reform in North Carolina is the latest reminder of how far out of the mainstream some of the political…