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…
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…
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…
(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…
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…
(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…
(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…
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…
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…
(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…
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…
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…
(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…
(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…
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…
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…
(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…
(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…
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…
(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…
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…
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-…
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…
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…
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…
