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RALEIGH, NC — As Senator Thom Tillis releases more desperate attacks this week, they won’t be enough to distract from his record of raising taxes on North Carolina families only to give more big tax breaks to his wealthy donors and big corporations.
In 2013, as NC Speaker of the House, Tillis championed a tax bill that doubled the mobile home sales tax while also making North Carolina the first state to eliminate its Earned Income Tax Credit, a tax credit that puts more money in the pockets of working families. The bill also eliminated a back-to-school tax holiday while slashing the corporate tax rate from 6.9 percent to 5 percent.
The North Carolina Budget and Tax Center noted at the time: “The plan consists largely of cutting tax rates for personal and corporate income, in a way that will overwhelmingly benefit the wealthy.”
Using the same playbook of helping out his wealthy donors at the expense of North Carolina families, Tillis in 2017 voted in favor of a Washington tax bill that added nearly $2 trillion to the national debt to secure a lower tax rate for ultra-wealthy Americans and big corporations. The tax bill exploded the national deficit while failing to live up to promises that the bill would benefit working families.
The News and Observer, writing about Tillis’ support of the 2017 tax bill, notes: “…studies have found that the richest Americans got the biggest advantage — with some estimates that the top 20% got 72% of the benefits while the bottom 60% of earners saw 15% of the benefits.”
“Thom Tillis is hoping to distract from his record of selling out his constituents and raising taxes to pay for tax breaks for wealthy donors, but North Carolinians know better,” said Kate Frauenfelder, a spokeswoman for the Cal Cunningham campaign. “North Carolina families deserve a Senator who will fight to put money in their pockets and look out for their interests, not the interests of his corporate special interest donors.”