New Trump Accounts could benefit 2 million NC children
Parents in North Carolina and across the US have a new way of helping provide for their child’s financial future.
The average refund is up nearly 11% this year, topping $3,500. And as people adjust their withholding under the lower tax rates we made permanent, millions are already seeing more in their take-home pay.
These plans are all optional, add no cost to the deficit, and put no mandates on businesses. It’s a “win-win," not only for families but for society as a whole.
Americans can have a better debate about inequality with a clearer grasp of the facts.
North Carolina Senate Democrats held a press conference Wednesday, June 15 to announce their “North Carolina Families Plan.” Sen. Jay Chaudhuri, Wake, said the plan was based on different pieces of legislation and the budget proposals laid out by Democratic Gov. Roy Cooper.
Money cannot address all forms of anxiety or depression.
The city of Durham is set to give monthly checks worth $500 to 115 formerly incarcerated people. The move is part of a nationwide basic income experiment, primarily bankrolled by Twitter co-founder and former CEO Jack Dorsey. Applications for the program open on Wednesday, Jan. 5, and checks will be sent throughout the year. Recipients...
The governor objects to income tax breaks benefiting people earning more than $200,000. But the plan he criticizes would offer tax breaks for everyone.
A proposed change in North Carolina's child tax deduction would make income tax rules even more progressive.
A new study projects that federal tax reform would lead to more than 29,000 net new jobs in North Carolina as well as an average income gain of about $2,400 for a middle-income family.
There are better options available than the Earned Income Tax Credit.
There’s a right way and a wrong way to justify family-friendly government policies.