First in flight from EITC: Working families bid farewell to NC Earned Income Tax Credit

screenshot-EITC-2014-web

Unless lawmakers reverse course, close to one million working families in North Carolina will claim the state Earned Income Tax Credit (EITC) for the last time this tax season, bringing pain to individual families and the state’s economy. Last year, North Carolina lawmakers put an end to the state EITC and subsequently pursued deep tax [Continue Reading…]


Yet another tax cut for corporations?

tax-freedom

Report explains folly of new proposal under consideration in the General Assembly A proposed change in the way North Carolina taxes multistate corporations would fail to achieve its goal of boosting investment and job creation, and instead result in revenue loss that would threaten critical investments that provide the foundation of future economic [Continue Reading…]


The jobs “miracle” that never happened

Job market

North Carolina is still lagging the nation in job creation and unemployment The McCrory administration, state legislative leaders and conservative advocacy groups have been making repeated claims of late that their policies are responsible for turning around the state’s economy after the Great Recession. Unfortunately, the data don’t support this conclusion. In fact, a [Continue Reading…]


Workers label federal budget deal “missed opportunity” and call for new revenues from closing corporate loopholes

mr-1212

As details continued to emerge throughout the day about a possible short-term Federal budget deal for 2014 and 2015, it’s become increasingly clear that the deal represents a missed opportunity for a long-term resolution to our nations’ budget challenges and a bad deal for America’s workers. Although completing any deal is a step [Continue Reading…]


North Carolina continues to lag nation in job creation and is moving in the wrong direction

MR1211

Despite recent superficial improvement in North Carolina’s unemployment rate, persistent joblessness continues to plague the state’s workers and hinder the state’s recovery from the Great Recession. In recent years, North Carolina has consistently lagged the nation in reducing unemployment—a trend that appears to be getting worse. At first glance, the news that the [Continue Reading…]


Profiles in tax avoidance: Yum! Brands

Yum! Brands

When Thanksgiving rolls around, no one wants to watch someone else eat all the turkey and then have to pick up the grocery bill all by oneself. But that’s what’s happening in our nation’s budget debate — highly profitable multinational corporations are using special tax loopholes, credits, deductions and outright giveaways to avoid paying their [Continue Reading…]