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NC Democrats pitch 7% tax on $1M+ incomes to fund public schools

NC House Democrats have filed HB 1073, the Fair Share for Public Schools Act, which would impose a new 7% income tax bracket on individual earnings above $1 million and direct an estimated $1 billion a year in proceeds to the State Public School Fund.

David N. Bass

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Massachusetts study points to NC tax policy as model of success

A Pioneer Institute research brief finds that North Carolina's decade of tax reforms — including a flat income tax and corporate tax phase-out — has outpaced Massachusetts in job creation and business formation, even as the Bay State's high-tax model has driven an exodus of residents and employers.

David N. Bass