The League, which led the successful state-wide campaign to repeal the tax on food in the 1990's, expressed concern that the tax plans being considered in the General Assembly will actually impede, rather than deliver, economic growth, job creation and the quality of life for NC citizens.
Delegates from Leagues throughout the state expressed alarm that proposed plans reinstate the state tax on food as well as end the Earned Income Tax Credit for working families. The plans, according to League representatives, are not based on reliable academic research and historical record.
Continuing its advocacy for fair, balanced and adequate tax proposals, League members contend that proposed income tax cuts for the wealthy shift the tax burden to the middle and lower-income families, fail to provide adequate income to fund public schools, stifles the economy and jeopardizes the state's long-term competitiveness. The LWVNC believes that this is unfair, unwise, and is bad fiscal policy. This does not serve the interests of the state and harms rather than improves the wellbeing of the people of North Carolina.
The League urges policymakers, including the governor, to step back, rethink these challenging issues and give them the thoughtful consideration they require.