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Results found for "tax cut 2"


North Carolina’s Republican legislative leadership never met a tax they didn’t want to cut. Since taking control of state government in 2011, they have cut corporate tax rates from 6.9 percent to the current 2.0 percent.
Published: Sunday, October 26th, 2025 @ 6:07 pm By: Tom Campbell
North Carolina’s Republican legislative leadership never met a tax they didn’t want to cut. Since taking control of state government in 2011, they have cut corporate tax rates from 6.9 percent to the current 2.0 percent.
 
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
Published: Tuesday, May 2nd, 2023 @ 5:00 pm By: Carolina Journal
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
 
The 2021 long session brought North Carolina a “First in Freedom” budget, with pro-growth tax cuts which will continue to reward taxpayers in 2023 and beyond.
The 2021 long session brought North Carolina a “First in Freedom” budget, with pro-growth tax cuts which will continue to reward taxpayers in 2023 and beyond.
 
N.C. House Speaker Tim Moore, R-Cleveland, was joined by House budget chairs Monday, Aug. 9, for a news conference outlining the chamber’s biennial proposal.
N.C. House Speaker Tim Moore, R-Cleveland, was joined by House budget chairs Monday, Aug. 9, for a news conference outlining the chamber’s biennial proposal.
 
Recent op-eds and editorials from the News & Observer have lambasted the state legislature’s plan to use a budget surplus to cut taxes.
Recent op-eds and editorials from the News & Observer have lambasted the state legislature’s plan to use a budget surplus to cut taxes.
 
Gov. Roy Cooper opposes tax cuts for North Carolinians earning more than $200,000 a year.
Gov. Roy Cooper opposes tax cuts for North Carolinians earning more than $200,000 a year.
 
"This surplus came largely out of the pockets of North Carolina citizens and they deserve to see some of it returned to them."
"This surplus came largely out of the pockets of North Carolina citizens and they deserve to see some of it returned to them."
 
"We have consistently collected more from taxpayers than we need to operate a sound state government," said Sen. Paul Newton, R-Cabarrus.
"We have consistently collected more from taxpayers than we need to operate a sound state government," said Sen. Paul Newton, R-Cabarrus.
 
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says.
A proposed tax cut from Senate Republicans would move North Carolina to fifth in the state business tax climate rankings, the Tax Foundation says.
 
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
 
Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
Every North Carolinian who pays personal income tax would see a lower rate, under a proposal from legislative Republicans.
 
North Carolina progressive liberal groups and politicians have for years criticized the past decade of conservative tax cuts as being only “for big corporations and the rich.”
North Carolina progressive liberal groups and politicians have for years criticized the past decade of conservative tax cuts as being only “for big corporations and the rich.”
 
It appears Gov. Roy Cooper might not be alone when it comes to conflating across-the-board tax cuts with “corporate giveaways.”
It appears Gov. Roy Cooper might not be alone when it comes to conflating across-the-board tax cuts with “corporate giveaways.”
 
Beginning Jan. 1, 2020, North Carolina taxpayers will receive another bit of relief.
Beginning Jan. 1, 2020, North Carolina taxpayers will receive another bit of relief.
 
The N&O this weekend published an editorial declaring that North Carolina’s corporate income tax cuts are “not working.”
The N&O this weekend published an editorial declaring that North Carolina’s corporate income tax cuts are “not working.”
 
A corporate tax cut expected to pass at the end of the General Assembly’s session surprisingly wound up on the cutting room floor.
A corporate tax cut expected to pass at the end of the General Assembly’s session surprisingly wound up on the cutting room floor.
 
The House Finance Committee sprung an amendment that would tax e-cigarette and vapor products on Senate Bill 557 in committee, Wednesday, Oct. 30.
The House Finance Committee sprung an amendment that would tax e-cigarette and vapor products on Senate Bill 557 in committee, Wednesday, Oct. 30.
 
Governor Roy Cooper and Democratic leaders today offered Republican leadership a state budget compromise proposal that would close the health care coverage gap, raise teacher pay, cut taxes for people and guarantee school construction while balancing the budget and saving money in the Rainy Day Fund
Governor Roy Cooper and Democratic leaders today offered Republican leadership a state budget compromise proposal that would close the health care coverage gap, raise teacher pay, cut taxes for people and guarantee school construction while balancing the budget and saving money in the Rainy Day Fund
 
The Senate passed Senate Bill 622 Thursday, May 16, and Republicans project it will reduce individual and corporate taxes by $800 million over the next five years.
The Senate passed Senate Bill 622 Thursday, May 16, and Republicans project it will reduce individual and corporate taxes by $800 million over the next five years.
 
The Senate Finance Committee unanimously passed Senate Bill 622, the Tax Reduction Act of 2019, on Tuesday, May 14, and sent it to the Senate Rules Committee.
Published: Sunday, May 19th, 2019 @ 2:04 pm By: Carolina Journal
The Senate Finance Committee unanimously passed Senate Bill 622, the Tax Reduction Act of 2019, on Tuesday, May 14, and sent it to the Senate Rules Committee.
 
As we go into the 2018 election season, there is a great deal of talk among Republicans, both in the White House and in Congress, to pursue what is being referred to as "tax cuts 2.0."
As we go into the 2018 election season, there is a great deal of talk among Republicans, both in the White House and in Congress, to pursue what is being referred to as "tax cuts 2.0."
 
The Tax Cuts Act provides $5.5 trillion in tax cuts, $3.2 trillion, or nearly 60 percent, of which go to families
The Tax Cuts Act provides $5.5 trillion in tax cuts, $3.2 trillion, or nearly 60 percent, of which go to families
 
The $23 billion House and Senate budget compromise will include a 3.1 percent increase in spending in the 2017-18 budget year, which is higher than the two chambers agreed to several months ago when budget writing began
The $23 billion House and Senate budget compromise will include a 3.1 percent increase in spending in the 2017-18 budget year, which is higher than the two chambers agreed to several months ago when budget writing began
 
A new round of tax cuts in the $21.735 billion state budget for 2015-16 may prevent the state from lowering the corporate income tax rate to 3 percent in 2017 because tax collections are projected to be $74.7 million lower than a revenue target set two years ago.
A new round of tax cuts in the $21.735 billion state budget for 2015-16 may prevent the state from lowering the corporate income tax rate to 3 percent in 2017 because tax collections are projected to be $74.7 million lower than a revenue target set two years ago.
 
The average North Carolina household in every income category received a tax cut from the 2013 tax reform.
The average North Carolina household in every income category received a tax cut from the 2013 tax reform.
 
North Carolina's tax reform package, cutting the personal income tax rate, is the most significant plan likely to be approved in 2013, an analyst with...
North Carolina's tax reform package, cutting the personal income tax rate, is the most significant plan likely to be approved in 2013, an analyst with...
 

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