TIME SENSITIVE REQUEST
We have just learned that the Revenue Laws Study Committee of the NCGA will likely consider whether or not to repeal North Carolina's estate tax at their meeting at 9:30 AM on Wednesday, March 7th (tomorrow!). Repeal of this tax would rob the state of $80 million in revenues ANNUALLY while benefiting ONLY those people inheriting estates worth $3.5 million in the case of individuals or $7 million for an estate left by a couple.
In other words, repeal of this tax would benefit less than half of North Carolina's 1% while slashing tens of millions of dollars badly needed in our state budget for many public services, including healthcare and our public school system -- already reeling under the burden of devastating budget cuts this year.
Don't let them get away with it! Please send your NC Reps and the Revenue Laws Committee an email tonight telling them these are not North Carolina’s priorities! We’ve made it easy for you to send one email to all here:
Do it now.