Opinion
Final budget deal could affect NC tax system’s progressivity
The N.C. House budget plan would increase the standard and child deductions.
News
Last-minute vaping tax proposal could threaten other tax reforms
State legislators have sent a tax on vaping to the House. The House Finance Committee amended a mini-budget, Senate Bill 557, Wednesday, Oct. 30, to raise the tax on vaping and send part of the tax revenue toward the Tobacco Use Prevention Fund. Representatives called the tax the “first step” in tackling the vaping crisis....
News
Senate Expands “Zero” Tax Bracket By Unanimous Vote
The Senate on Tuesday unanimously approved a bill providing middle-class tax relief by increasing the standard deduction — or 0 percent tax bracket — by $2,000. The sponsor of the measure, Sen. Bob Rucho, R-Mecklenburg, called the measure “a huge cut for the middle class.” If approved, it would increase the standard deduction for married...
News
House GOP Wants Larger “Zero Tax Bracket”
Republican House members are pushing for middle class tax breaks by expanding the “zero tax bracket” by as much as $2,000 over the next four years. The House Finance Committee approved the measure Tuesday after defeating Democratic proposals to reinstate the estate tax and the Earned Income Tax Credit. “About 70 percent of the population uses...
