According to Stein’s campaign, the average working family in the state could receive upwards of $520 back under his plan to reinstate the State Earned Income Tax Credit, while families with three children or more could see up to $1,486 back in their pockets.
North Carolina’s Democratic nominee for Governor Josh Stein unveiled a plan on Thursday to support working families in the state.
Speaking at the Kid Appeal Learning Center in High Point, Stein announced his plan for a Working Families’ Tax Cut, which would be accessible to over two million North Carolinians.
Stein’s plan would reinstate the State Earned Income Tax Credit (SEITC), which was first enacted in 2007, before the Republican-controlled General Assembly voted to repeal it in 2013. The SEITC provided financial relief to those making up to around $50,000 per year.
According to Stein’s campaign, the average working family in the state could receive upwards of $520 back under his plan, while families with three children or more could see up to $1,486 back in their pockets.
“North Carolina’s economy is strong and growing, but not everyone is benefiting from that growth – working people need more money in their pockets,” Stein said in a statement. “That’s why today I’m announcing my support for enacting a Working Families’ Tax Cut to help working people across North Carolina make ends meet and keep more of what they earn.”
When North Carolina ditched the SEITC over a decade ago, it became the first state to ever do so. This decision impacted around a million North Carolinians who at the time were claiming the tax credit.
Families can currently claim the federal earned income tax credit, but North Carolina remains one of 19 states that do not offer an EITC at the state level.
Politics
VIDEO: Senate Republicans Block Bill to Extend Child Tax Credit
View this post on Instagram A post shared by Cardinal & Pine (@cardinalandpine) Monday was tax day, and Senate Republicans are...
NC’s Congressional Democrats urge House to protect IVF
Any Republican serious about protecting IVF needs to put their votes where their mouth is, the Democrats wrote to House leadership. After the...
Local News
The zodiac signs of 12 iconic women offer insight into their historic accomplishments
Zodiac signs can tell you a lot about someone’s personality. Whether they’re an earth, water, air, or fire sign, these 12 categories (which are...
VIDEO: Two men rescued off Beaufort, NC
https://www.tiktok.com/@cardinalandpine/video/7353300192906562859?lang=en WATCH: We love our Coasties in NC! ⚓️ When a boat ran aground off of...