North Carolina
Blog of the Century: Republican Governors Promise Tax Cuts for “Job Creators” Financed by Higher Taxes on the Poor
January 16, 2013
(Original Post) Blog Post by: Benjamin Landy, on January 16, 2013 In the days and weeks after Mitt Romney’s electoral defeat, there was what seemed like an endless stream of hand-wringing and soul-searching among Republican elites. The political landscape had changed overnight, forcing rising stars within the party to acknowledge the need for greater diversity, […]
Indy Week: Republicans propose eliminating income tax, expanding sales tax
January 16, 2013
(Original Post) by Will Huntsberry @willhuntsberry Republican leaders believe North Carolina is sick and they have the cure. The most vital remedy, they believe, is tax reform. Personal and corporate income tax make up roughly 60 percent of annual state revenues. The plan is to eliminate these taxes, or at the very least, slash them […]
Think Progress: North Carolina Mulls Taxing The Poor To Pay For Tax Cuts For The Rich
January 16, 2013
(Original Post) By Pat Garofalo on Jan 14, 2013 at 9:25 am Gov. Bobby Jindal (R-LA) last week tentatively endorsed a plan that would eliminate his state’s income and corporate taxes, replacing them with an increased sales tax. Such a move would disproportionately impact the poor, in a state where the tax code is already […]
Think Progress: Louisiana Governor’s New Plan Would Raise Taxes On Bottom 80 Percent Of Residents
January 16, 2013
(Original Post) By Pat Garofalo on Jan 15, 2013 at 3:10 pm Louisiana Governor Bobby Jindal (R) recently rolled out a plan to replace his state’s personal income and corporate taxes with an increased sales tax. Such a move would shift taxes from the rich to the poor, who are disproportionately hit by the sales […]
Think Progress: Nebraska Gov. Proposes Elimination Of State Income Tax At Expense Of Poorest Residents
January 16, 2013
(Original Post) By Travis Waldron on Jan 16, 2013 at 2:15 pm Nebraska Gov. Dave Heineman (R) became the latest Republican governor to propose the elimination of his state’s income tax during his State of the State speech last night, a move that would eliminate $2.4 billion in revenues each year. To replace the lost […]
North Carolina Budget and Tax Center: Budget and Tax Center Releases Alternative Revenue Plan
January 14, 2013
Read the Original Full Power Point Presentation
North Carolina Budget and Tax Center: The House Budget: Deteriorating Revenue Picture Forces Tough Decisions
January 14, 2013
Members of the House of Representatives faced a daunting task when they began to craft their proposed two-year budget. In the weeks after the Senate voted on its budget, the revenue forecast for fiscal year 2009-10 (FY09-10) dropped by $1.35 billion. The House’s options for balancing the budget dropped further when Governor Beverly Perdue tapped […]
North Carolina Budget and Tax Center: The Estimated Impact of the Senate’s Proposed Modernization Plan
January 14, 2013
The Senate Finance Committee’s proposed tax modernization plan would require an additional 0.3% of income ($32 average annually) from the lowestincome earners, 0.1% of income ($32 average annually) from middle-income taxpayers and 0.1% of income ($958 average annually) from the highest 1% of income-earners. The plan would improve stability and long-term revenue adequacy, but additional […]
North Carolina Budget and Tax Center: The Dead Tax Plan: Just How Regressive Would it Have Been?
January 14, 2013
The proposed $1 billion compromise tax plan released the week of July 20th featured a 1-cent sales tax increase and 2% personal income tax surcharge. This plan, if enacted, would have required three times more, as a share of income, of the state’s lowest-income families than of the state’s top 1% of income-earners. Read the […]
North Carolina Justice Center: THE FUTURE IS NOW- A Plan to Modernize North Carolina’s Revenue System
January 14, 2013
A modern revenue system should improve long-term adequacy, minimize volatility and ensure equity so that the state can invest in North Carolina’s shared prosperity. Read the Full Report (PDF)
NC Policy Watch: The Devil’s in the Details- Health and Human Services
January 14, 2013
Legislative leaders announced their intent to cut $592 million from the state’s health and human services budget next year, which is $372 million more than the $212 million in FY11-12 cuts proposed in the Governor’s budget. To put the legislature’s proposal in perspective, the state’s $4.9 billion health and human services budget is second only […]
North Carolina Justice Center: A Plan to Modernize North Carolina’s Revenue System
January 14, 2013
State leaders must create a budget that meets the population’s needs and allows them to make the investments that will prepare North Carolina for future prosperity. But these goals are made more difficult to achieve by the state’s deteriorated revenue system, which even in the best of times cannot produce the resources required for education, […]
Richmond Times-Dispatch: States Taxing the Rich: A Very Bad or Good Idea
January 8, 2013
(PDF of Original Post) NEAL PEIRCE © WASHINGTON POST WRITERS GROUPPublished: September 20, 2009 WASHINGTON In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut is the latest to take this step, following Delaware, Hawaii, […]
Columbia Free Times: Study Says State Tax System Unfair
January 7, 2013
(PDF of the Original Post) by : Al Dozier A new study showing South Carolina’s tax system weighs more heavily on the poor and middle class than the rich is unlikely to spark any restructuring of the state’s tax system, according to local advocates for change. That conclusion comes even as a new study panel, […]
The Progressive Pulse: North Carolina’s Upside-Down Tax System Asks More From Those With Less
January 7, 2013
(PDF of the Original Post) Post on February 14, 2011 by Ed McLenaghan Note: This is Part 3 in a series of posts on revenue modernization in advance of Thursday’s release of the NC Budget & Tax Center’s 2011 Revenue Modernization Plan. You can read Part 1 and Part 2 here. North Carolina’s state and […]
News-Record: Senate’s budget plan relies on deep cuts
January 7, 2013
(PDF of the Original Post) Tuesday, May 31, 2011(Updated 3:00 am) The Republican-controlled Senate’s budget takes a double cuts approach to our state’s fiscal woes: It relies on deep cuts in spending to close our $2.4 billion budget shortfall and even deeper cuts to vital state programs due to a nearly $500 million cut in […]
The Herald-Sun: Senate tax cuts
January 7, 2013
(PDF of the Original Post) The Republican-controlled Senate’s budget takes a double cuts approach to our state’s fiscal woes: it relies on deep cuts in spending to close our $2.4 billion budget shortfall. Even deeper cuts to vital state programs were necessitated due to their nearly $500 million cut in personal income taxes. Sen. Bob […]
The Progressive Pulse: Proposed Tax-Cut Plan Violates First Rule of Holes
January 7, 2013
(PDF of the Original Post) Post on June 2, 2011 by Ed McLenaghan When in a hole, the first response should be to stop digging. The tax-cut plan passed Tuesday by the House and included in the Senate budget, however, responds to the $2.4 billion state revenue shortfall by digging the hole even deeper. Although […]
The Herald-sun: A break from tax holidays
January 7, 2013
(PDF of the Original Post) 08.04.11 – 07:50 pm Let’s take a holiday from the sales tax holiday. That was a daring thing for any politician to say — voters do so love their tax loopholes — but on the lips of a Republican, it was practically radical. Sen. Richard Stevens, R-Wake, was among the […]
Stateline: Md. ‘millionaire’s tax’ debate is back
January 4, 2013
(PDF of Original Post) TUESDAY, NOVEMBER 24, 2009 By Stateline.org Staff Reports A headline in this morning’s Baltimore Sun — “Maryland lost nearly 30% of millionaires last year” — is sure to revive a debate over the higher tax rates that Free State legislators imposed on millionaires in 2008. At least eight other states this […]
Tri-Parish Times: Will Jindal go for more sin taxes?
January 4, 2013
(PDF of Original Post) By TOM ASWELL During the 1988 presidential race, Vice President George H.W. Bush proclaimed, “Read my lips: no new taxes!” That famous line helped him defeat Michael Dukakis but when he was forced to back-track on that promise, it was his eventual undoing. Bill Clinton’s own pithy campaign slogan “It’s the […]
Atlanta Journal-Constitution: Barnes plan: Remove capital gains tax for 2 years
January 4, 2013
(PDF of Original Post) Candidates says break would pay for itself; experts disagree By Jeremy Redmon The Atlanta Journal-Constitution 7:45 a.m. Wednesday, October 13, 2010 Democratic candidate for governor Roy Barnes appeared alongside a pair of local businessmen at a news conference in Midtown Atlanta’s Technology Square this month, trumpeting his plan to revive Georgia’s […]
Oregonian: TAXING THE RICH It’s not class warfare, it’s just common sense
December 21, 2012
(Original Post) The Sunday Oregonian (Portland, Oregon) September 20, 2009 SundaySunrise Edition TAXING THE RICH It’s not class warfare, it’s just common sense NEAL PEIRCE In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut […]
Durham (NC) Herald-Sun: A break from tax holidays
December 21, 2012
August 5, 2011 EDITORIAL Let’s take a holiday from the sales tax holiday. That was a daring thing for any politician to say — voters do so love their tax loopholes — but on the lips of a Republican, it was practically radical. Sen. Richard Stevens, R-Wake, was among the state legislators who not […]
AOL Daily Finance: The True Cost of State Sales Tax Holidays
December 21, 2012
Original Post August 12, 2011 by Sheryl Nance-Nash ‘Tis the sales-tax-holiday season, when states give the gift of tax-free shopping for clothing, computers and other back-to-school supplies. It seems like a good thing: Take a little pressure off the pockets of cash-strapped parents, make retailers smile and make politicians look good for supporting tax relief. […]
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.