Over the next few months, members of the U.S. Congress will answer an important question: Should North Carolinians be forced to pay for bad state tax policies in New York and California?
It sounds ridiculous, but it’s one of the key issues lawmakers in Washington, DC, will tackle as they work to extend a series of big tax cuts created back in the first Trump administration. Most of the proposals under consideration are very pro-taxpayer, including extending low personal rates and the increased standard deduction, increasing the pro-family child tax credit, and freeing most taxpayers from the complicated and duplicative alternative minimum tax that makes some filers calculate their taxes twice and pay the higher amount.
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