The newly released House version of the 2007-2009 budget increases spending by 7.4 percent, continues the “temporary” taxes yet again, and features some proposed ... Keep Reading
House Budget Misses Opportunity for Tax Relief to Working Poor
The FY2007-09 budget currently being debated by House members includes a proposed 5 percent state Earned Income Tax Credit (EITC) aimed at providing assistance to North ... Keep Reading
Taxing The American Dream — Real Estate Transfer Taxes
Fifteen Democrats — and one Republican — have attached their names to several bills that could raise taxes by an estimated $777 million. This time, they are going after ... Keep Reading
Another Year, Another Surplus; Are The ‘Temporary Taxes’ Still Necessary?
Earlier this week, the General Assembly received news of another “April surprise.” That is, revenues are greater than anticipated. Estimates were revised upward by ... Keep Reading
Funding North Carolina’s Public School Growth — Are More Taxes Necessary?
Democrats and Republicans in the General Assembly are proposing legislation to increase sales taxes as high as 15 percent above current levels. The increases would be added on in ... Keep Reading
