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A costly tax cut during the pandemic is bad for NC


A costly tax cut during the pandemic is bad for NC
Published 8:24 a.m. today
When North Carolinians with earned income below $60,000 have yet to see employment return to pre-COVID-19 levels and while those with higher income have fully recovered and corporate profits are soaring North Carolina needs to invest in supporting a more just recovery and to target any tax cuts to those hardest hit by the pandemic.
Instead, Senate leaders released their plan for changing the tax code. They are flouting the no-net-tax-cut provision in the American Rescue Plan. They are potentially jeopardizing Fiscal Recovery Funds for North Carolina. And they’re doubling down on a march toward austerity that has made us less safe and less resilient in the face of significant public health and economic challenges. ....

United States , North Carolina , Alexandra Sirota , Payroll Protection Program , Congressional Budget Office , Nc Justice Center , Budget Tax Center , North Carolinians , American Rescue , Fiscal Recovery Funds , House Bill , American Rescue Plan , Unemployment Insurance , Tax Center , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கரோலினா , அலெக்சாண்ட்ரா சீரொத் , ஊதியம் ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , காங்கிரஸ் பட்ஜெட் அலுவலகம் , ந்ஸீ நீதி மையம் , பட்ஜெட் வரி மையம் , அமெரிக்கன் மீட்பு , நிதி மீட்பு நிதி , வீடு ர சி து , அமெரிக்கன் மீட்பு திட்டம் , வேலையின்மை காப்பீடு ,

National and state unemployment insurance data show initial claims return to pre-COVID-19 levels


The release of national weekly unemployment insurance claims data shows that initial claims for unemployment insurance (UI) are 92 percent lower than this time last year in North Carolina.
The continued decline week-over-week similarly points to the continued improvements in the labor market and the important role UI plays in ensuring jobless workers stay engaged in the labor market and looking for work.
“North Carolina’s unemployment system is the first line of defense against people leaving the labor force out of frustration that too few jobs are available,” said Alexandra Sirota, Director of the Budget& Tax Center, a project of the NC Justice Center. “For more than 467,000 North Carolinians our state system fell short, failing to sustain them until their job searches resulted in employment.” ....

North Carolina , United States , Bill Rowe , Alexandra Sirota , Economic Policy Institute , Nc Justice Center , Budget Tax Center , Tax Center , Pandemic Unemployment Assistance , Deputy Director , வடக்கு கரோலினா , ஒன்றுபட்டது மாநிலங்களில் , ர சி து ரோ , அலெக்சாண்ட்ரா சீரொத் , பொருளாதார பாலிஸீ நிறுவனம் , ந்ஸீ நீதி மையம் , பட்ஜெட் வரி மையம் , வரி மையம் , சர்வதேச பரவல் வேலையின்மை உதவி , துணை இயக்குனர் ,

Forced ICE cooperation bill would shift costs to already hard-hit local governments


A proposal moving through the North Carolina General Assembly would further shift costs to local governments to score ideological points with those seeking stricter immigration enforcement even as the evidence shows that forced cooperation with ICE doesn’t make communities safer.  
Senate Bill 101, which passed the Senate last week, is modeled after bills introduced in previous sessions, with only some modifications that won’t protect local governments from the likelihood of lawsuits, nor reduce the pressure on local budgets.  
In 2019, the Budget & Tax Center analyzed then House Bill 370 to assess the impact on local budgets of forced ICE cooperation. The cumulative cost of ICE cooperation over a decade at that time was estimated at nearly $82 million. Under a proposal that would seek to increase the number of detainers issued, a forward-looking estimate of what local governments could expect is likely higher.   ....

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