NC House Democrats want to bring back an earned income tax credit
'We need to be thinking of creative ways to implement tax cuts that are actually helping the people that need to be helped,' Representative Lindsey Prather said.
She's one of the sponsors on House Bill 181, an act to bring back an earned income tax credit to North Carolina. It would put money in the pockets of people who earn an income from working and even more money if they have children.
The state hasn't had this tax break since 2014.
'We know that people across North Carolina are struggling, and we know that our state can handle a tax credit like this. It is something that given a short period of time would really stimulate our economy,' Representative Prather said.
Similar bills have been introduced in the past with Republican leadership in the General Assembly saying the state can't afford this, and people don't need tax cuts but rather good paying jobs.
'All that is is an excuse to then pivot to talk about companies and corporations and how to bring businesses in instead of focusing the argument on the people that are being impacted day to day,' Representative Prather said.
Sponsors of the bill say they're also looking to protect tax paying citizens right now as some tax breaks for corporations could be on the horizon.
'Republican leadership in the North Carolina legislature have enacted a plan that is going to bring our state corporate income tax rate down to zero by 2030 and that's causing huge concerns,' Representative Prather explained.
Since the bill was only filed on Monday, it hasn't been referred to a hearing yet.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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To learn more, visit Contacts XCF Global: C/O Camarco XCFGlobal@ Media: Camarco Andrew Archer | Rosie Driscoll | Violet Wilson XCFGlobal@ Forward Looking Statements This Press Release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential' or 'continue', or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the recently completed business combination with Focus Impact BH3 Acquisition Company (the 'Business Combination'), estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. 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If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so. SOURCE: XCF Global, Inc. The post XCF Global to Ring Nasdaq Opening Bell on August 25, 2025 appeared first on DA80 Hub.
