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May 12, 2015

Tax Policy Update

NUMBER OF THE WEEK: 15. The number of minutes it should take most Americans to do their taxes, according to potential GOP presidential candidate Chris Christie in a Wall Street Journal op-ed published last night. Christie offers a broad plan to drop the corporate rate to 25 percent and trim the individual rate to three brackets with the top rate no higher than 28 percent. To do this, Christie proposes eliminating or modifying “enough deductions, credits and targeted provisions in the code — both on the personal and the corporate side” to keep the plan revenue-neutral. Christie added that one approach would be to cap the total amount of deductions and credits available to individuals and married couples.

May 11, 2015

Washington Healthcare Update

This Week: Congress Agrees on Budget Framework... FDA Launches Global Unique Device Identification Database (GUDID)... POTUS Nominates DeSalvo to Serve as Assistant Secretary for Health
May 11, 2015

North Carolina General Assembly Week in Review

This week, in a press conference at the state capitol building with House and Senate leaders, Gov. Pat McCrory (R-NC) announced that North Carolina had paid off the $2.8 billion debt it owed to the federal government for unemployment insurance benefits and noted that the state had done so three years ahead of schedule. Additionally, this week saw a joint report published by the Office of State Budget and Management and the legislature’s non-partisan Fiscal Research Division which predicted that North Carolina will collect $400 million more in revenue this year than the state expected. If this rings true, legislators would then have to decide specifically how to allocate that surplus in the state budget. The House and the Senate return to action on Monday, May 11th.

May 11, 2015

NC Politics in the News

Last week, Gov. Pat McCrory (R-NC) announced that North Carolina had paid off the $2.8 billion debt it owed to the federal government for unemployment insurance benefits and noted that the state had done so three years ahead of schedule. Additionally, a joint report was published by the Office of State Budget and Management and the legislature’s non-partisan Fiscal Research Division which predicted that North Carolina will collect $400 million more in revenue this year than the state expected. The House and the Senate returned to action today, Monday, May 11th.

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