Are you among the 400,000 North Carolinians who advocates say will lose health insurance if the “Tax Cut and Jobs Act” passes?
The Chapel Hill- Carrboro NAACP branch is holding an informational forum on Tuesday at the Chapel Hill Library from 6:30 to 8 p.m. about the “Tax Cut and Jobs Act,” where you can find out.
According to the branch’s president Anna Richards, the forum will have expert panelists who will bring the most up-to-date information regarding the bill as well as strategies to oppose it.
“We’ve got Samuel Gunter who is the director for Public Advocacy for North Carolina Housing Coalition, Alexandra Sirota who is director of Budget and Tax for North Carolina Justice Center and then Allan Freyer who is director of Workers’ Rights for North Carolina Justice Center on our panel,” said Richards.
According to the chapter, the GOP-led congress brought this bill within weeks of becoming law without any hearings, input from tax and public policy experts or fiscal scoring, which is why awareness needs to be spread.
“It’s just shocking. The top one percent on average will receive a $5,050 tax cut, and the bottom 60 percent will on average receive a $290 tax increase,” Richards said.
Richards said the corporate tax cut will cause a federal deficit of an estimated $1.5 trillion dollars which could result in Medicare being cut by $25 billion dollars in the state beginning in January.
The proposed senate bill would also increase taxes for graduate students by 400 percent, Richards said.
For more information, visit their website.