As Statehouse Republicans revive plans to slash taxes for wealthy, some ask why

North Carolina Budget & Tax Center: Faced with pausing tax cuts for the rich or lowering state spending, NC Senate budget sides with the wealthy few

If there was any doubt in North Carolinians’ minds, this budget proposal makes crystal clear the extreme measures the Senate is willing to take to deliver tax cuts for the rich. They will risk recurring budget deficits. They will risk an inability to protect North Carolinians from federal Medicaid and food assistance cuts. To deliver these tax cuts, they will cut funding for the state’s public K-12 students and community college students. And th…

As Statehouse Republicans revive plans to slash taxes for wealthy, some ask why

South Carolina is booming, despite a top income tax rate that ranks among the highest in the Southeast. As some weigh tax reforms, others are asking whether there is a need to do anything.