RALEIGH (June 13, 2014) —The House budget shortchanges the needs of North Carolinians—the inevitable result of tax cuts for wealthy people and large, profitable corporations.
Yesterday the House worsened the state’s prospects by voting down restoration of the state Earned Income Tax Credit, a proven tool for helping low-paid, working families make ends meet.
It’s time to reverse course and get back to investing in North Carolina’s future. That means stopping the next round of tax cuts scheduled to start in January 2015 and reducing reliance on lottery proceeds—an income source that falls most heavily on lower income people.
FOR MORE INFORMATION, CONTACT: Alexandra Forter Sirota, firstname.lastname@example.org, 919.861.1468; Jeff Shaw, email@example.com, 503.551.3615 (cell).