Legislators poised to reduce NC Earned Income Tax Credit despite its powerful...
This afternoon, legislators serving in the NC House are scheduled to approve HB 82, a bill that would reduce the state Earned Income Tax Credit (EITC) from 5 percent to 4.5 percent of the federal...
View ArticleOp-ed, infographic document importance of Earned Income Tax Credit
As part of the generalized War on the Poor that they’ve been waging in recent weeks, state lawmakers have taken aim on the state Earned Income Tax Credit — an efficient program that provides workers...
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The long-term benefits of the Earned Income Tax Credit
Research has long shown that the Earned Income Tax Credit (EITC) for working families significantly encourages work—especially among single mothers—and reduces child poverty more than any other...
View ArticleLeague of Women Voters pans regressive tax plans
Just in from the good people at LWV-NC: League Opposes Tax Plans The League of Women Voters of North Carolina, meeting in Charlotte for its 34th biennial convention, announced its opposition to tax...
View ArticleExpert responds to regressive House tax plan
Alexandra Sirota, Director of the North Carolina Budget and Tax Center and the state’s leading independent tax policy expert issued the following brief statement this morning after the House Finance...
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Decisions, decisions: Senate leadership’s tax priorities are off balance
There are reports that the state Senate and House leadership is working on a compromise tax plan—with the catch, of course, being that many North Carolinians will likely not view the final tax plan as...
View ArticleDemise of state EITC will harm 64,000 NC military families
New from the numbers wonks at the Budget and Tax Center: Allowing the state Earned Income Tax Credit to expire would harm veterans, active-duty military, a new analysis finds RALEIGH (July 2, 2013) –...
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McCrory’s amazing admission
Maybe it’s the ongoing game of musical chairs in Gov. Pat McCrory’s communications staff or maybe it’s just the man himself, but whatever it is, the Governor’s public pronouncements continue to be...
View ArticleThe Earned Income Tax Credit matters to NC families
If you work hard and play by the rules, you deserve a chance to get ahead. This is why the Earned Income Tax Credit was invented: to help families with low-paying jobs make ends meet. Unfortunately,...
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Happy EITC Awareness Day… to those fortunate enough to live in states that...
Today marks a little known “holiday”: Earned Income Tax Credit (EITC) Awareness Day. The IRS-led national event is intended – as the title implies – to spread awareness about this modest but vital tax...
View ArticleMore tax cuts the wrong medicine for what ails the NC economy
On Wednesday, the Senate Finance committee heard presentations that made the case for more changes to the state’s tax code. While beginning with many of the economic realities in North...
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New report: Minority working families in NC worse off than average
One of the great myths of the American policy debate is that poor people are poor because they don’t (or won’t) work. While it’s true that unemployment is still a huge problem in many places, it’s also...
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House budget, including modest teacher raises, advances to the state Senate
As expected, leaders in the N.C. House have overwhelmingly approved a $22.2 billion spending plan for the coming year that includes modest teacher pay raises for some. The House plan passed with some...
View ArticleNew policy brief: The tax cut that North Carolina should enact
In case you missed, it there’s a compelling new policy brief out from the NC Budget and Tax Center (“Bring back the state EITC”) that explains a simple and straightforward way that North Carolina can...
View ArticleNew report: “Morally bankrupt” federal policy keeps student loan recipients...
Yesterday the the National Consumer Law Center (NCLC) released an important new report that highlights a disturbing method by which the federal government is preying upon student loan recipients. This...
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House members introduce bill to raise NC’s minimum wage, improve worker...
In case you missed it, State Representatives Pricey Harrison (D-Guilford) and Susan Fisher (D-Buncombe) introduced some long overdue legislation yesterday to dramatically improve the treatment of...
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Expanding the EITC in North Carolina could save lives
Each year, the federal Earned Income Tax Credit (EITC) lifts millions of adults and children out of poverty. Given the detrimental impact of poverty on health, there is significant research that...
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Working family tax credits are the tax break we need
The richest 5% of North Carolina households have an average income 28 times greater than the poorest fifth. More than half of the income in our state in 2018 was held by the wealthiest 20% of North...
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Congress must raise taxes on the wealthy to pay for Build Back Better
Image: Getty CreativePresident Joe Biden in Scranton, Pa. on Oct. 21 (Photo by Patrick Abdalla/Pennsylvania Capital-Star). Over the last 18 months of pandemic and economic disruption, we’ve seen the...
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