Economy
Less than one week after President Biden signed the Bipartisan Infrastructure Deal into law, the U.S. House passed President Biden’s Build Back Better Act, moving the bill one step closer to becoming law. The Build Back Better Act currently moving through Congress boasts an array of historic investments into child care, home care, affordable housing,…
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During a news conference Tuesday, North Carolina Governor Roy Cooper announced that he will sign the final budget presented by state Republicans, despite what he called “missed opportunities and misguided policy”. “I will sign this budget because, on balance, the good outweighs the bad,” Gov. Cooper said. “It moves North Carolina forward in important ways,…
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On Monday, President Biden signed the Infrastructure Investment and Jobs Act into law, a bipartisan victory that will deliver a once-in-a-generation investment into the nation’s roads, broadband, utilities and more. In North Carolina specifically, this historic deal pours funding into our state’s roads and bridges, improves ports and airports, and ensures every North Carolinian has…
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Nearly two months into the new fiscal year, North Carolina Republican legislative leaders are doing what they know best; focusing on divisive side issues while ignoring the real needs of our state. In the past few weeks, Republicans in both chambers have presented budgets that signal business as usual — controversial measures, heavy on tax…
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Last week, former NC Rep. David Lewis, became the state’s latest prominent Republican to become a convicted felon. Lewis, who funneled campaign dollars to his family farm, pleaded guilty to making false statements to a bank and for failing to file a 2018 federal tax return. Lewis will be sentenced at a later date, but…
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Last week, the Republican-led state House unveiled it’s 600+ page budget that falls short of truly investing in North Carolina. House lawmakers voted 72 to 41 on Thursday to give final approval to their $25.7 billion budget plan that prioritizes tax cuts for corporations and the wealthy while ignoring the needs in education, public health…
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Amid a time when corporations generated record profits during a pandemic that caused financial devastation for millions of Americans, NC Republicans passed a bill last month that would protect corporations profits further by eliminating the corporate state income tax. According to a recent poll, North Carolina voters across party lines overwhelmingly oppose such a bill,…
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Nothing says openness and transparency like a last minute midnight vote on a controversial energy bill that Duke Energy has been the driving force for with some legislators for months. A 57- 49 vote came just after midnight last week for the Republican-backed House Bill 951. HB 951 is legislation that would deliver a number…
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The Republican-led state Senate rolled out a $25.7 billion state budget proposal Monday, with measures that cut corporate income taxes, a measly 1.5 percent annual pay raise for educators and a provision that would limit a governor’s power during states of emergency. The proposed budget fails to include the $5 billion in unreserved funds and…
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Last week, Republican House and Senate leaders in the NC General Assembly announced their proposed total spending figure for the state budget, which consists of spending $25.7 billion in 2021-2022 and $26.7 billion in 2022-2023. Details of the budget have not been finalized, yet the state legislature has already contemplated cutting taxes for corporations and…
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