N.C. Senate tax plan is superior to House alternative
The state Senate plan offers much more aggressive tax relief for North Carolinians.
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Tag:taxes
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Dear Gov. Cooper: Here is Wisconsin Gov. Tony Evers phone number. Call him!
Gov. Roy Cooper could change the dynamics of next year’s legislative elections and create a legislative legacy if he does one thing; call Wisconsin Gov. Tony Evers and follow his example on the state budget. On July 8, Evers, the Democrat governor of the Badger State signed the Republican state…
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What is happening with our state budget
The General Assembly convened Jan. 13 and has met for well over 100 days. More than 1,700 bills have been filed; bills on election reform, appropriating federal COVID money, energy modernization, medical marijuana, sports betting, constitutional amendments, education reforms, health care advancements, regulatory reforms, unemployment benefits, confirmations, and appointments…
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Takeaways from the Senate budget
This week the Senate leadership presented the chamber’s state budget proposal. After a day or two of social media reaction and topline numbers, it’s time for a real look at what this contains before it runs the legislative gauntlet. A theme runs through this budget: Fix what’s broken, maintain what…
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State tax collections spike, opening door for historic tax relief
North Carolina has over-collected more than $6 billion in state taxes when compared to May of 2020 economic forecasts. This according to data just presented to members of the Joint Full Chairs Appropriations Finance Committee by the nonpartisan Fiscal Research Division at the General Assembly and the Office of State…
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Senate passes sweeping tax cut package with 8 Democrats on board
The North Carolina Senate passed a Republican-led tax reform package Wednesday evening in a quick, 36-14 vote that drew eight Democrats to cross the aisle and vote in favor of the bill. House Bill 334 would raise the standard deduction from $21,500 to $25,500 for joint filers, which would…
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N.C. could advance to fifth-best if tax cuts pass, research group says
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says. North Carolina, now 10th, ranked 46th when Republicans took control of the General Assembly in 2011. The Tax Foundation…
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State lawmakers face easy decision to exempt all military retirement pay from tax
Thanks to conservative leadership in the General Assembly oriented towards sustained spending restraint, lawmakers are well-positioned to enact this legislation.
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Just say no to the Biden – Buttigieg mileage tax scheme
North Carolina, per-capita, is one of the most rural states in the country and would be disproportionally impacted by a new mileage tax scheme.
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A better way than Cooper’s poorly targeted tax credits
The EITC reduces market wages, leads people to work fewer hours, is costly to administer, and is so complex that it makes excess payments to some taxpayers while keeping others from getting their full benefits.