Stories tagged: "taxes"

Economy FILE - Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the public in recent weeks that they don't want the government of the world's largest economy to default. But President Joe Biden has resisted McCarthy's calls for negotiations, while McCarthy is pushing a plan that can't pass the Democratic-majority Senate. (AP Photo/J. Scott Applewhite, File)
Economy What Happens if America Defaults on Its Debt?

If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.

Keya Vakil Keya Vakil May 8, 2023 4:50 pm EDT
North Carolina Crowds cheer during a 2018 demonstration against the GOP-controlled NC General Assembly's education policies, including the state's expanding private school voucher program. School funding is one of the areas that figures to suffer if Republicans eliminate the state's corporate tax. (Photo by Sara D. Davis/Getty Images)
North Carolina What’s At Stake If Republicans Eliminate NC’s Corporate Tax

With the state facing shortfalls in health care, education, and housing, the GOP proposal would cost the state more than $1 billion.

Associated Press Associated Press March 21, 2023 12:07 pm EDT
Economy President Joe Biden speaks about his 2024 proposed budget at the Finishing Trades Institute, Thursday, March 9, 2023, in Philadelphia. (AP Photo/Matt Rourke)
Economy Biden’s Budget Would Tax Billionaires, Corporations to Strengthen Medicare, Expand Child Care, and Help Families

Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.

Isabel Soisson Isabel Soisson March 9, 2023 5:34 pm EST
National President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala Harris and House Speaker Kevin McCarthy of Calif., applaud. (Jacquelyn Martin, Pool)
National ‘A Blue-Collar Blueprint to Rebuild America’: 7 Takeaways From Biden’s State of the Union

Biden’s blueprint includes several recently passed laws which are expected to create millions of good-paying jobs in construction, manufacturing, and other sectors. 

Keya Vakil Keya Vakil February 8, 2023 1:20 pm EST
Economy
Economy Quick Answers About Doing Your Taxes (and How to Get Them Done for Free)​

Dreading filing your taxes? You're not alone. Let us make it a little easier with this list of answers to common questions about tax season.

Lisa Hayes Lisa Hayes January 24, 2023 1:03 pm EST

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There are plenty of upcoming Walk to End Alzheimer's events in NC. (Shutterstock) community North Carolinians are Walking to End Alzheimer’s. Here’s How You Can Join Them.
In the latest episode of "Leah Tries," C&P's Leah Sherrell visits a Chilean-inspired food truck in the Triad. (Image via screenshot) Video ‘I Demolished It’: Taste-Testing A Chilean Food Truck in the Triad
Thousands of educators filled Bicentennial Plaza during a rally for better pay in Raleigh, N.C. in 2018. (AP Photo/Gerry Broome) Public Schools NC Teacher Raises Don’t Keep Up With the Cost of Pencils
The 2021 official White House Christmas tree came from Jefferson, NC. This year, the tree will come from NC again, making it the 15th time since 1961 the tree comes from NC. (Image via The White House) community NC Family Farm Will Supply the White House Christmas Tree
Money 2023 taxes new year symbol. Businessman turns a wooden cube and changes words Taxes 2022 to Taxes 2023. Beautiful white table white background, copy space. Business 2023 taxes new year concept.
Money 3 Ways to Save Money on Your 2023 Taxes

New tax brackets, standard deductions, and tax credits are now in effect, meaning more North Carolinians can save more money on their taxes this year. 

Christina Lorey Christina Lorey January 17, 2023 6:41 pm EST
Economy House Minority Leader Kevin McCarthy, R-Calif., walks to the chamber for final votes as the House wraps up its work for the week, at the Capitol in Washington, Friday, Dec. 2, 2022. McCarthy is seeking enough GOP backing to become Democrat Nancy Pelosi's successor when Republicans take control of the House in the new Congress. (AP Photo/J. Scott Applewhite)
Economy House Republicans’ Agenda Focuses on Social Security Cuts and Sham Investigations—Not Working Families

Between Republicans’ economic agenda, spurious investigations, and threatened impeachments, the House is looking at a busy but unproductive year.

Isabel Soisson Isabel Soisson December 13, 2022 1:53 pm EST