tax cuts
tax cuts
The North Carolina House finally approved a proposed budget bill last week for the fiscal year that began six weeks ago. Now comes a period of negotiation with the Senate, which passed its version a few weeks before, and after that one hopes, some measure of legitimate give and take with Gov. Cooper.
...
House Democrats during a committee meeting Tuesday questioned the lack of full funding for programs needed to comply with a consent order in the long-running court case on public education. The questions arose as the House budget committee went through details of the $25.7 billion proposal unveiled by the body's Republican majority. More debate is expected Wednesday and Thursday before the House votes on the plan.
...
Last month the North Carolina Senate passed a bill that would eliminate the state corporate income tax over five years, beginning in 2024. New polling, released last week by progressive policy group State Innovation Exchange (SiX), however, shows North Carolina voters overwhelmingly oppose such a change.
...Republicans in the state Senate recently advanced a rewrite of House Bill 334 – a bill which bears the nondescript title “JOBS Grants and Tax Relief.” The new version of the bill has been promoted by its proponents as an “economic relief” measure that will aid businesses still struggling in the wake of the COVID-19 recession and help further stimulate the state’s economy.
...
If you’re an American of a certain age, you may remember one of the zanier TV comedy sketches of the late 20th Century in which the great Steve Martin joined some of the early "Saturday Night Live" cast members in the role of “Theodoric of York, Medieval Barber.” If your memory has faded or that was before your time, don’t fret, you can always find it online or catch a more modern iteration (though sadly, not for laughs) over at the North Carolina Genera Assembly... ...
