North Carolina
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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 [email protected] 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 [email protected] 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… -
media mention January 30, 2013 WRAL: McCrory still open to dumping state income tax
(Original Post) By Laura Leslie Posted: January 24Tags: Pat McCrory, Taxes, Art Pope, Budget and Tax Center Raleigh, N.C. — Despite the reservations of his budget director, Gov. Pat McCrory… -
media mention January 25, 2013 WUNC: Deputy Budget Director Distances Himself From Tax Code Idea
(Original Post) Politics & Government5:32 pmThu January 24, 2013 By Jessica Jones It’s clear that North Carolina’s political leaders want to make big changes to the state’s tax code,… -
report January 23, 2013 More Inaccuracies, Bigger Omissions: Arthur Laffer’s Newest Study of Income Tax Repeal Falls Short
Arthur Laffer’s consulting firm–Arduin, Laffer & Moore Econometrics (ALME)–has released a report purporting to show that North Carolina could usher in an economic boom if it repeals its personal and corporate income taxes and replaces them primarily with a much larger sales tax. Prepared for the Civitas Institute, “More Jobs, Bigger Paychecks” relies on an economic analysis that is fundamentally flawed to the point of making it entirely useless.
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ITEP Work in Action January 23, 2013 North Carolina Justice Center: A “Laffable” Plan for Tax Reform
EXECUTIVE SUMMARY This tax plan, if implemented, will provide the wealthiest 20 percent of taxpayers a significant tax cut, which would be paid for by increasing taxes on 60 percent… -
media mention January 22, 2013 The American Independent: The conservative push to end NC’s income tax
Siddhartha Mahanta | 01.18.13 | 4:33 pm | Republish posted in Economy/Finance | Government Accountability/Reform | Politics Republicans in North Carolina haven’t had it this good since 1870. That’s the… -
media mention January 16, 2013 Indy Week: Republicans propose eliminating income tax, expanding sales tax
(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… -
media mention January 16, 2013 Think Progress: North Carolina Mulls Taxing The Poor To Pay For Tax Cuts For The Rich
(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…