Sunday News: From the Editorial pages

quillpen.jpg

IF A TAX BREAK IS GOOD FOR NC CORPORATIONS, DON'T TREAT STUDENT LOANS DIFFERENTLY: Astonishingly, unless the legislature acts, North Carolina is going to force these same folks to pay from $500 to $1,000 in personal state income tax. While the federal government isn’t going to charge income tax for the loan forgiveness, state legislators failed to adopt the same exemption for state taxes. This is a state legislature that’s never seen a corporate tax cut it didn’t embrace. It wasted little time to link to federal tax codes to exempt those businesses from state taxes on millions they got in federal Paycheck Protection Program (PPP) dollars. It should act with the same dispatch to extend the same break to those with student loans. No one should buy the political spin of the likes of North Carolina Sen. Thom Tillis, who took to Twitter to say: "This is a slap in the face to middle and working-class Americans already struggling with high inflation who will now have to pay off the debt of higher earners." Tillis didn’t offer the same critique for his big-business friends who got their big federal aid and tax exemptions. It was middle and working-class Americans who were forced to take out these loans in the first place, not "higher earners." Tillis is so out of touch with his constituents it's not even funny anymore. And if BergerMoore thinks this won't be a problem come November because that tax won't be due until next Spring, they are sorely mistaken. Voters will know, we will make sure of that.
https://www.wral.com/editorial-if-a-tax-break-is-good-for-n-c-corporations-don-t-treat-student-loans...

Bank Run Burr's phone tells the tale of insider trading

burrgrin.jpg

Profiting off a Pandemic is par for the course in the Burr household:

On Jan. 31, Burr received nonpublic information from a source whose name is redacted in the FBI documents. That same day, Burr put in orders to sell nearly $110,000 in stock from his and his wife’s brokerage accounts. On Feb. 12, Burr ordered the purchase of approximately $1.2 million of Treasury securities, using 76% of the total holdings in Burr and his wife’s joint account.

“Investors often purchase U.S. Treasury funds to hedge against a potential market downturn,” the FBI special agent, Brandon Merriman, notes. He also noted that the Dow Jones Industrial Average closed at a record high of 29,551.42 on Feb. 12.

Bolding mine, because those two points of information clearly define insider trading. And Burr was up to his elbows in it:

Governor Cooper’s “open for business” posture steers our state toward growth in the face of inflation, politicking

Election season is in full swing, and leaders across North Carolina and the country are busy touting their legislative and political victories. And while Governor Cooper is not on the ballot this November, his impact on our state continues to deliver tangible gains for our communities, economy, and political system. Because of his strong leadership, business-minded Democrats are running up and down the ballot and a culture of growth and innovation has permeated our state.

KKK sends threatening letters over statue removal

klanmarch.jpg

Courage in the face of racism:

The mayor of one town in Halifax County said he's calling on North Carolina Gov. Roy Cooper to take action after receiving racist threats. Enfield Mayor Mondale Robinson said that letters his residents received are "domestic terror threats" and should be grounds for a state of emergency.

Residents received letters in a plastic bag with a racial slur, calling on the "white people of Enfield" to do something after someone “stomped down a piece of their white heritage.” The letter referenced the town's decision to take down a confederate statue in a local park.

It was actually bulldozed and not "stomped down," but that really doesn't matter. The peoples' chosen elected officials made the decision (4-1) to get rid of the statue, and the SBI needs to focus its attention on the threats to those residents and officials, and stop worrying about how or why it was done:

Sunday News: From the Editorial pages

opinionpages.jpg

RURAL COMMUNITIES NEED MEDICAID EXPANSION NOW: Despite careful planning and the tireless efforts of our team members, ECU Health is facing the same unprecedented challenges as other health systems. Some of our current challenges stem from unexpected and extremely high labor costs in addition to the rising cost of supplies like medicine and equipment, which are significantly higher than they were just one year ago. In rural regions like ours, navigating these realities is even more difficult. We already face a high burden of disease, a large geographical area where local providers and teams provide a literal lifeline to quality care and a large number of community members who don’t have access to adequate health insurance. That is why it is vital that the General Assembly pass Medicaid expansion and move forward with HASP funding. Together, these efforts will help close the insurance gap, provide care for our most vulnerable community members, lower medical bills, bring much-needed dollars to the state and allow health systems and hospitals to continue to provide high-quality care to those who depend on it. 9 out of 10 of the rural hospitals that have been forced to close their doors nationwide have been in states that have *not* expanded Medicaid. NC has lost 7 of those hospitals so far, and several more are teetering on the edge. The difference between traveling 20 miles for care or 120 miles is a deadly one, and those are deaths that don't need to happen.
https://www.wral.com/michael-waldrum-rural-communities-need-medicaid-expansion-now/20443241/

Republican candidates are now removing Trump from their websites....

Since the Dobbs Supreme Court ruling, Republicans have been scrubbing/erasing their previous views on abortion. That’s a pretty big deal.

However, on MSNBC tonight Senator Claire McCaskill mentioned a major shift.

Republican candidates are scrubbing/erasing Donald Trump from their websites.

That’s a BFD…

Maggie Astor NY Times

Pages

Subscribe to Front page feed