One would think that legislative leaders would be proud of yet another round of cutting taxes for the wealthiest and shortchanging everyone else. But if they are, why did they develop their budget in secret and why are they limiting opportunities for debate and amendments?
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Big corporations and wealthy executives have been on quite a run. Corporate profits are at historic levels, stock prices are through the roof, and plush executive pay has become the norm. At the same time, corporate taxes have been slashed both here in North Carolina starting in 2013 and last December at the federal level.
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Food insecurity or the lack of access to enough food for an active, healthy life remains a huge problem in today’s society. Currently, North Carolina has the tenth highest rate of food insecurity in the nation, with more than 1.5 million North Carolinians meeting this definition. Ultimately, of course, it will not be possible to solve the problem of food insecurity without addressing a host of underlying factors...
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Every day, families living in poverty face tremendous barriers placed in front of them through no fault of their own. And every day, millions of North Carolinians exude grit and resiliency and navigate those barriers. That tenacity, however, comes at a steep cost. Research and experience has shown that living in persistent poverty can cause a toll on individuals.
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In “Lessons on political speech, academic freedom, and university governance from the new North Carolina” – an article in the most recent edition of the First Amendment Law Review, Prof. Gene Nichol of the University of North Carolina School of Law provides a detailed and fascinating account of the battles in which he and other faculty members have found themselves enmeshed in recent years as they have grappled with the regular interference of conservative politicians, advocacy groups and university officials.
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Goldsboro, a mid-sized city in Wayne County in eastern North Carolina, faces poverty challenges both historical and contemporary that are too commonly seen across much of the region. Traditionally divided along black and white racial lines, the city is in the process of being transformed by demographic changes, even as it wrestles with the consequences of two recent recessions and the economic transitions that swept the state in the early 2000s.
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Editor’s note: The issue of constantly rising court fines and fees has long been a big problem in North Carolina. Now, a new report released today by the North Carolina Poverty Research Fund at the University of North Carolina documents that it has reached crisis levels. Through a combination of sobering real life stories and a treasure trove of data, researchers Heather Hunt and Prof. Gene Nichol explain how North Carolina is, quite literally, criminalizing poverty through the imposition of burdensome fines and fees that millions of people cannot afford.
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Editor’s note: As reported previously in this space, one of Donald Trump’s most disturbing actions during his first months in office has been the nomination of lawyer Thomas Farr to a lifetime appointment as a federal judge in North Carolina’s Eastern District. Sherrilyn Ifill, President and Director-Counsel of the NAACP Legal Defense...
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With the effort to repeal the Affordable Care Act now on hold for the time being, Congress is turning its attention to other matters that have the potential to have significant impacts on North Carolina. The following essays from N.C. Budget and Tax Center experts Luis Toledo and Alexandra Sirota examine two that rank high on the list -- re-authorization of the Children's Health Insurance Program and President Trump's proposed tax cut plan.
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A new report on Historically Underutilized Businesses (HUB) in North Carolina – businesses owned by women and/or people of color – covers the barriers they face, how they have increased in number, and how they can help grow the economy in North Carolina. Businesses owned by individuals deemed to be historically disadvantaged
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In the new Washington, D.C. of Donald Trump, many once-settled policies in the realm of consumer protection are now “back on the table” as predatory businesses push to take advantage of the president’s pro-corporate/anti-regulatory stances. A new report from the Center for Responsible Lending explains why one of the most troubling of these efforts – a proposal to allow banks to re-enter the inherently destructive business of making high-interest “payday” loans should be fought and rejected at all costs.
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Lawmakers miss opportunities for progress; double down on austerity and trickledown economics
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Lawmakers have passed a new state budget that will serve as a roadmap for how North Carolina will operate for the next two years — unfortunately, this roadmap has numerous potholes and an unclear destination. It does not reflect the spending decisions that can drive better economic outcomes or strengthen the connection to opportunity for every community across the state.
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Controversy over class-size requirements in early grades has emerged as the biggest issue facing North Carolina’s public schools in the 2017 legislative session. Current law requires school districts (also known as local education agencies, or LEAs) to reduce class sizes in grades K-3 in the upcoming 2017-18 school year. However, the General Assembly has failed to provide the funding necessary to allow districts to meet the class size goals. Absent General Assembly action, districts are scrambling to meet the requirements by initiating layoffs and eliminating enhancement teaching positions in subjects like art, physical education, and music.
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The North Carolina Senate is moving ahead yet again – perhaps as early as this afternoon – with a new proposal to further reduce state taxes and the revenues they generate to fund essential public structures and services. While the plan is billed as “a billion dollar middle class tax cut,” a closer look at the data reveals that this is an inaccurate and misleading label. As is demonstrated in the essays below, not only does the plan include yet another round of unnecessary and illogical tax cuts for profitable businesses, most of the tax cuts targeting individuals would actually flow to the wealthy. We invite you to read and share these two essays widely.
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