South Carolina’s top leaders gathered on Tuesday to unveil a bold plan to slash the state's income tax rate by nearly 40%, setting their sights on outpacing North Carolina in tax competitiveness.
"Over the decade and a half that has transpired since Republicans took control of the North Carolina General Assembly for the first time in over a century, what we have seen is a real transformation of North Carolina state government, and that transformation has led to a real transformation and really a rebirth of the North Carolina economy," Berger said.
North Carolina is among nine states where the personal income tax rates were lowered this week as state governments welcomed in the new year with scheduled tax reductions.
As Congress seeks to extend the corporate-tax reforms of 2017, our state shouldn’t abandon North Carolina’s trailblazing policy. We should complete it.
The N.C. House budget plan would increase the standard and child deductions.
Gov. Roy Cooper and his ideological allies make off-base complaints about the state Senate's proposed rate cuts.
Governor Roy Cooper’s new proposed budget for fiscal years 2023-2025 is a tone-deaf proposal for North Carolina’s tax code. Instead of continuing with the tax decreases that were already signed into law in a previous budget, Cooper is proposing that we freeze the tax rate at the current 4.75%. Cooper’s reasoning is that further tax...
Ten years ago, in the summer of 2013, the Republican-led North Carolina General Assembly enacted historic tax reforms. Today, many states are enjoying tax cuts. They are slashing tax rates and moving to simpler structures. But in 2013, North Carolina was just the third state to move to a flat income tax rate structure. At...
Changing state law to raise future tax rates amounts to a tax increase. That's true, regardless of the governor's spin.
A state Supreme Court justice argues for lawmakers' unlimited ability to take your income.
A leading left-wing advocacy group offers groundless criticism of the N.C. Senate's tax reform plan.
