Tagged: taxes

Influential anti-tax advocate Grover Norquist made several stops in North Carolina yesterday. He visited the capitol to show support for Republican proposals to overhaul the state’s tax system, and ended the day in Huntersville. 

The General Fund is the state’s piggy bank, where revenue goes in and payments come out.  Today, the State Controller’s office released a report showing that, since June, the fund earned almost $300 million more than the same time last year. That’s an increase of over four percent. Amber Young at the controller’s office says it’s for the best possible reason-- people are earning more.

“It’s just things are doing better—individual income went up five percent,” Young said. “We’re seeing more people working again. Corporate went up about that amount.”

The White House issued a statement Monday warning that taxes would go up for middle-class families by more than $2,000 on average, if Congress does not prevent the “fiscal cliff”—the series of automatic spending cuts and expiring tax breaks scheduled for the end of the year.  

South Carolina Governor Nikki Haley says nearly 6 million residents had their social security and bank account numbers stolen by hackers in a September attack. At a press conference today, Haley released new details from Mandiant, the information security firm hired to investigate the attack.