The start of the Great Recession, and the collapse of financial markets in the fall of 2008, is more than a decade behind us, yet its impact still reverberates through North Carolina communities and households. Policymakers should use the lessons learned from the Great Recession to prepare now to protect North Carolina’s people and communities from the next economic downturn.
The $50,000 business income tax deduction created by the General Assembly in 2011 was intended to provide tax relief to small business and support job creation, but it is unlikely to do so – at what may be an even higher cost to the state than was originally forecasted.
OVERVIEW When state lawmakers arrive in Raleigh for this year’s legislative session, they will be confronted by the state’s first budget surplus since …
Families living in North Carolina’s urban areas, regardless of race, were richer and less likely to be poor than their rural counterparts in …
There is growing momentum for enacting a state Earned Income Tax Credit (EITC) in North Carolina and for good reason. The federal EITC …
Some 1.6 million North Carolinians – 42 percent of the state’s workforce – lack paid sick days. Without sick days, workers face a …
Manufacturers and agricultural producers in North Carolina currently pay a lower sales tax rate than other businesses on the electricity they purchase. While …
Currently sitting on Governor Mike Easley’s desk awaiting his signature (or his veto stamp) is a bill that represents a major step in …
Judging by top-level economic indicators, North Carolina appears to have rebounded from the economic downturn that started this decade. The state’s gross domestic …
May 2008 By John Quinterno, Research Associate The incomes of North Carolina’s richest five percent of families have grown much faster than those …
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