Displaying items by tag: taxes

RALEIGH — The N.C. Senate voted Thursday to pass the body’s state budget plan by a vote of 32-18, with four Democrats joining all Republicans in supporting the plan. Sens. Ben Clark, D-Cumberland, Kirk DeViere, D-Cumberland, Paul Lowe, D-Forsyth, and Don Davis, D-Greene, supported the Senate budget.

Published in Local News

In the name of safety and at times part political theater, North Carolinians spent over a year following stringent emergency orders because of the coronavirus pandemic. Businesses shuttered, citizens lost their livelihood, millions eschewed social events or celebrations of any kind. Many young people are still hampered by mask mandates in schools. A silver lining amidst all that sacrifice, North Carolina is uniquely positioned coming out of this pandemic to offer state income tax cuts. Lawmakers must make it happen for myriad reasons.

Published in Opinion
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Wednesday, 16 June 2021 13:52

OPINION: The real tax scandal

The self-styled investigative journalism outlet ProPublica recently published private IRS tax information — presumably embarrassing private tax information — for a host of ultrawealthy and famous Americans.

Published in Opinion
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RALEIGH — North Carolina has collected more than $6 billion in state taxes than was originally forecast in May 2020 by state economists. That’s the finding of a report presented to members of the Joint Full Chairs Appropriations Finance Committee by the nonpartisan Fiscal Research Division at the General Assembly and the Office of State Budget and Management.

Published in Local News
Tuesday, 15 June 2021 14:23

OPINION: Much ado about non-income

It's a tantalizing headline from investigative journalism group ProPublica: "The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax."

Published in Opinion

RALEIGH — With the end of the state’s fiscal year just three weeks away, the N.C. House and Senate have reached a deal for the next budget. After weeks of closed negotiations, N.C. Senate and House leaders have agreed to a top-line spending number of $25.7 billion in the first year and $26.7 in the second year. That’s a spending increase of 3.45% in the first year of the biennium and 3.65% in year two.

Published in Local News
Thursday, 22 April 2021 13:44

OPINION: Take the money and run

Rep. Graig Meyer and Senator Jay Chaudhuri have introduced bills to legalize marijuana in North Carolina. It’s about time.

Published in Opinion

RALEIGH — A bill filed in the North Carolina Senate on the traditional April 15 tax deadline day would make tax and spending limits a part of the North Carolina Constitution, if voters approve it in 2022.

Published in Local News

Twenty-two states that have a state income tax fully exempt military retirement pay, yet North Carolina isn’t one of them. This is surprising given the state’s rich history of service and military bases.

Published in Opinion
Thursday, 18 March 2021 13:33

OPINION: Biden a transformational president

Democrats passed the American Recovery Act without a single Republican vote. The party that spent the past four years giving tax cuts to the rich and running up unprecedented deficits is suddenly concerned about the debt and deficit again. It was predictable as daylight savings time. 

Published in Opinion
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