Tuesday, January 14, 2014

North Carolina Just Gave Millionaires A Tax Cut, Raised Taxes On The Poorest 900,000 Working Families

www.thinkprogress.org/economy/2014/01/14/3161521/north-carolinas-eitc-tax-hike-poor/
"Many conservatives who oppose other policies to boost poor peoples’ income, such as minimum wage hikes, support the EITC as an alternative way of keeping working people out of poverty without interfering with how private businesses operate.
But that argument didn’t carry the day among North Carolina Republicans, and lawmakers slashed and then eliminated the state’s EITC during last year’s legislative session. That change was overshadowed by the GOP’s broader changes to the basic shape of the income tax code in the state to favor the rich and harm the rest."