BTC BRIEF: North Carolina's Tax Shift Saga Continues

By Alexandra Forter Sirota
Director, Budget & Tax Center

May 2013

North Carolina’s House leadership has thrown its hat into the tax shift ring with a plan that would increase the tax load on middle- and low income tax-payers while providing the
wealthy and profitable corporations a tax cut. The House plan would convert North Carolina’s personal income tax to a flat rate, while making North Carolina more reliant on
the sales tax and raising taxes on the majority of North Carolinians. Such a proposal would weaken North Carolina’s tax system and the broader economy by asking more from
taxpayers who are already struggling in the current economy and by undermining the long-term ability of the state to maintain the building blocks of a strong economy, like pre-K-12 schools and higher education.

PDF icon BTC Brief - House Budget-UPDATE.pdf171.6 KB
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