North Carolina Revenue Predictions Fall with Recession Risk
State officials have lowered anticipated revenue collection, largely over rising economic uncertainty and the risks of a U.S. recession.
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Taxes
North Carolina Budget Plan Advances as Senate Republicans Double Down on Tax Cuts
North Carolina Senate Republicans advanced a two-year budget that doubles down on already enacted income tax cuts.
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Donald Trump Has Sweeping Plans for a Second Administration. Here’s What He’s Proposed
Donald Trump has proposed sweeping changes in a second administration, including scaling back civil rights and expanding presidential powers.
Read MoreWhat to Expect (and Not Expect) in the General Assembly Short Session
Immigration, education, marijuana, childcare, open records: which bills will pass the General Assembly this year? Sen. Graig Meyer weighs in.
Read MoreCompanies Facing 1st Tax on Stock Buybacks in Biden Bill
Written by MARCY GORDON Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had...
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NC Tax Filing Pushed Back to End of February
Written by THE ASSOCIATED PRESS North Carolina taxpayers will have to wait a little longer to...
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NC Senate Tax Cut Plan Includes Virus Aid for Businesses
Written by GARY D. ROBERTSON A broad tax cut proposal from North Carolina Senate Republicans that...
Read MoreIncome Tax Filing Deadline Moved to July 15 from April 15
The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said. Mnuchin announced the decision in a tweet Friday saying that at President Donald Trump’s direction “we are moving...
Read MoreTrump Wants Supreme Court to Block Subpoena for His Taxes
President Donald Trump is asking the Supreme Court to block a subpoena for his tax returns, in a test of the president’s ability to defy investigations. The filing Thursday sets the stage for a high court showdown over the tax...
Read MoreOne on One: Deficit Alarm Bells
Why aren’t the alarm bells ringing? But the bells are ringing. Then why aren’t we listening? Here is one bell ringing true and clear. Writing in The New York Times last week, Alan Rappeport reported, “The United States federal...
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