Report: Costly Tax Cuts Won’t Keep People in North Carolina Common myth is busted in report released this morning RALEIGH (Aug. 4, 2011) – Slashing state tax rates won’t affect residents’ decisions to stay in or leave North Carolina, but will cost the state resources it needs to create the highly-educated workforce, quality infrastructure, and safe [Continue Reading...]
Action for Children North Carolina recently released its new report, North Carolina Children in the Recession. The report explores the impacts of the Great Recession on North Carolina’s children and youth. Child poverty has increased during the recession and, due to the sluggish recovery and divestment from state programs for children, the effects [Continue Reading...]
The final legislative budget, which was approved by both the Senate and House this past weekend, is currently on Governor Perdue’s desk for consideration. The failure of the new leadership to address the state’s fiscal challenges with a balanced approach that includes revenue will impede North Carolina’s fragile recovery, placing additional pressure [Continue Reading...]
Evidence suggests that investing in public structures and state programs would generate more economic benefits to North Carolina citizens than cutting the state’s corporate income tax rate, a new report says. In fact, cutting the state corporate income tax is more likely to hinder economic growth, according to a new report by the [Continue Reading...]
A new report from the NC Budget & Tax Center charts a comprehensive course to a modern revenue system – one that would help North Carolina preserve vital public investments in the state’s future. North Carolina’s current fiscal challenges stem not from excessive growth in state spending, but from the inability of state [Continue Reading...]
This article is last installment of a series contrasting budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. Click here for other articles in the series. North Carolina’s budget is [Continue Reading...]
This article is part of a series contrasting budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. Click here for other articles in the series so far. Legislative leaders announced [Continue Reading...]
This article is part of a series contrasting budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. Click here for other articles in the series so far. Legislative leaders announced [Continue Reading...]
This article is part of a series contrasting budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. Click here for other articles in the series so far. Legislative leaders announced [Continue Reading...]
This article is part of a series contrasting budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. Click here for other articles in the series so far. Legislative leaders announced [Continue Reading...]
This article is the first in a series contrasting budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. Legislative leaders announced their intent to cut $1.4 billion from the state’s education [Continue Reading...]
A strong unemployment insurance system is critical in an economic downturn, according to a new report from the NC Budget & Tax Center. Changes in North Carolina’s financing system have undermined the solvency of this vital public investment. The federal government established the unemployment insurance financing system after the Great Depression to support [Continue Reading...]
Tomorrow, policymakers in the House Finance Committee will consider a proposal to gut the state’s Earned Income Tax Credit. This proposal amounts to a tax increase on working families and is bad for the economy. House Bill 93 will impact working families in all counties of the state and undermine the consumer spending [Continue Reading...]
Gov. Beverly Perdue’s budget defied the most pessimistic expectations of advocates by avoiding deep personnel cuts in education and health and human services, a report from the NC Budget & Tax Center finds, but the proposal also costs thousands of jobs while backing an ill-advised corporate tax cut. In a comprehensive and balanced [Continue Reading...]
North Carolina lawmakers know the voters want them doing everything they can to create jobs. Work-sharing and wage-subsidy programs would help lawmakers achieve that goal in a prudent manner, according to a legislative bulletin released Monday by the NC Budget & Tax Center. Over the course of 2010, North Carolina netted [Continue Reading...]
