North Carolina Budget & Tax Center director Alexandra Sirota on the latest poverty data

BY: - September 25, 2023

One of the very few silver linings to accompany the COVID-19 pandemic was a significant decline in American child poverty. Thanks to various relief initiatives and, most notably, the expansion of the federal child tax credit that the Biden administration championed, poverty numbers fell significantly for a time as the federal government provided what was, […]

AP: Many North Carolinians will pay more state taxes in 2014 under new plan

BY: - December 30, 2013

When the N.C. General Assembly passed a controversial overhaul to the state’s taxing system last year, the promise out of the mouths of Republican sponsors was that it would put more money back in taxpayers’ pockets. But that’s not the case, the Associated Press found today in a factcheck its reporters conducted on the state’s […]

Demise of state EITC will harm 64,000 NC military families

BY: - July 2, 2013

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) – About 64,000 veteran and active-duty military families in North Carolina would be impacted by current tax plans, all of which allow the […]

Statement blasts Senate budget as “fiscally irresponsible”

BY: - May 23, 2013

This just in from the Budget and Tax Center: BTC Statement: Senate budget “fiscally irresponsible” This budget harms the foundations of economic growth, sets stage for tax plan which will force most to pay more RALEIGH (May 23, 2013) — The budget passed by the Senate today is fiscally irresponsible. Senators approved a spending plan without […]

BTC statement: Berger tax plan will harm working families

BY: - May 7, 2013

STATEMENT FROM THE N.C. BUDGET & TAX CENTER: Senate tax proposal shifts burden from the rich to the poor RALEIGH (May 7, 2013) — The Senate leadership has released a proposal that will harm working families and the broader economy. By cutting income taxes and expanding the sales tax to more goods and services, the […]

New BTC tools explain this year’s key tax bills

BY: - May 3, 2013

Confused about the state of tax “reform” in the 2013 General Assembly? Check out these two very useful and user-friendly tools from the N.C. Budget and Tax Center: This one-page chart gives you the facts you need on all of the major tax proposals introduced thus far in 2013. This very brief (back and front) document […]

NC public investments still not back to pre-recession levels

BY: - March 22, 2013

A preliminary analysis of the Governor’s proposed budget by the experts at the N.C. Budget and Tax Center reports that:  “The proposal was thin on the details for how and who would fund the spending priorities that were laid out.  The one revenue change supported by the Governor was the repeal of the state estate […]

More evidence that austerity doesn’t work

BY: - August 15, 2012

The latest issue of the NC Budget and Tax Center’s Prosperity Watch is out and it provides additional confirmation that government austerity ain’t what is needed to get the economy going. “Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of […]

US Senate votes to cut taxes on all income below $250k, eliminate tax breaks above $250k

BY: - July 25, 2012

Following a suspenseful 51-48 vote this afternoon, the United States Senate succeeded in passing legislation proposed by Majority Leader Harry Reid that extends for one year Bush-era income and investment tax breaks for low- and middle-income families with incomes less than $250,000 per year originally set to expire on December 31, 2012, while allowing estate […]