Raleigh, NC - The North Carolina Association of Educators (NCAE), along with Senator Natalie Murdock, educators, and parents will hold a press conference Thursday, April 23 in the North Carolina General Assembly’s press conference room. The event will spotlight lawmakers’ decisions to prioritize corporations over North Carolina’s children and their futures, as well as the introduction of legislation aimed at correcting this injustice.
North Carolina’s corporate tax rate of 2% and its ranking of 50th in education funding are both the lowest among neighboring states. Under current law, the corporate tax rate is set to drop to 0% by 2030—meaning working-class families could end up paying more in taxes than billion-dollar corporations. Both the NC Budget & Tax Center and Governor Josh Stein have warned that, without policy changes, the state will soon fail to generate enough revenue to sustain and invest in essential public services like education.
“The North Carolina General Assembly has chosen to cater to billion-dollar corporations instead of prioritizing the people and children of our state," said NCAE President Tamika Walker Kelly. "How else can you explain being first in business, but last in education? How else can you explain that by 2030, working-class families struggling to make ends meet could be paying more in taxes than companies generating more revenue in a year than most people see in a lifetime?”
