North State Journal — Vol. 1., Issue 54

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VOLUME 1 ISSUE 54

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www.NSJONLINE.com |

SATURDAY, FEBRUARY 18, 2017

“We are proud people. We are determined people. We have a goal of making Princeville great again.” Bobbie Jones, mayor of Princeville

PHOTOS BY MADELINE GRAY AND CHRISTINE T. NGUYEN | NORTH STATE JOURNAL

the weekend News Briefing State legislature to send its first bill to Gov. Cooper Raleigh The N.C. legislature is preparing to send it’s first bill to Gov. Roy Cooper. In a final vote expected early next week, the N.C. Senate is expected to pass a bill that was already passed by the House. The measure would shrink the size of the UNC Board of Governors by 25 percent, from 32 to 24 board members. The bill passed the Senate after Republicans turned down Democrats’ amendment that would have set quotas on member political affiliations and alma maters. The board would be reduced over three years as members’ terms expire.

Trump nominates Acosta as his new labor secretary pick Washington, D.C. President Donald Trump on Thursday announced former National Labor Relations Board member R. Alexander Acosta as his new choice to lead the U.S. Department of Labor. The announcement came a day after his original pick, businessman Andrew Puzder, withdrew under congressional pressure. Also on Thursday the U.S. Senate narrowly confirmed S.C. congressman Mick Mulvaney to serve as Trump’s White House budget director in a 51-49 vote that largely followed party lines.

GOP to introduce Obamacare repeal/replace Washington, D.C. House Republicans say they will file a bill that repeals and replaces the Affordable Care Act, known as Obamacare, when they return from next week’s recess. Speaker Paul Ryan (R-Wis.) said the Congressional Budget Office is estimating the cost of the bill. The announcement comes after Humana announced on Tuesday that it will pull out of the ACA marketplace in 2018. It also follows a report Tuesday that total U.S. medical spending in 2017 is estimated to rise 5.4 percent to $3.36 trillion after a 4.8 percent spending uptick in 2016. The ACA was aimed to chip away at soaring health care spending, but data shows costs are still rising.

NORTH

STATE

JOURNaL ELEVATE THE CONVERSATION

Trump meets with retailer to talk taxes, imports CEOs of Target, Best Buy and other big chains sat down for high level tax talks at the White House By Ginger Gibson Reuters WASHINGTON, D.C. — President Donald Trump this week called tax code revisions a critical way to boost the nation’s economy as he kicked off a White House meeting with chief executive officers of Target, Best Buy and six other major retailers. The retailers spoke with Trump about an overhaul of the corporate tax law and infrastructure improvements. While companies like Best Buy and Target support changes to the tax code, they urged Trump to oppose a proposal for a new border tax on imported goods. The border tax is among sweeping changes proposed by the Republican-controlled House of Representatives. Convincing Trump to oppose the measure would probably bring an end to it. Trump had said on Thursday that he would announce his own “phenomenal” tax plan in the coming weeks. U.S. stocks hit record intraday highs, and the U.S. dollar and bond yields rose. At Wednesday’s meeting, Trump said work on a tax plan was going “really well” but gave no details except to say it would simplify the tax code. The meeting included Target’s Brian Cornell, Best Buy’s Hubert See TRUMP, page A2

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Princeville moves from rising waters to rebuilding a town By Laura Ashley Lamm North State Journal RINCEVILLE — Established by freed slaves after the Civil P War, Princeville was settled on

an unwanted flood plain. When Hurricane Matthew ripped through the state in October 2016, Princeville was once again underwater only 17 years after the last major flood. “In 1999, I was in denial. I didn’t think the town would flood and when officials asked us to evacuate, I didn’t,” said Mayor Bobbie Jones. “The day after the Hurricane Floyd, water had risen to thigh level and I couldn’t get out. I waited too late,” he continued. “A helicopter came to get me.” “This time, the evacuation was mandatory when Hurricane Matthew came,” said Jones. “The flood of 1999 helped prepare us for the flood of 2016. We were well-coordinated, organized and we didn’t lose a life in Princeville.”

President Donald Trump speaks as Marvin Ellison, left, chief executive officer of JCPenney, and Jill Soltau, the chief executive officer of Jo-Ann Fabrics, listen during a meeting of the Retail Industry Leaders Association and member company CEOs.

The elevation of Princeville is 30 feet. The dike protecting the town stands at 37 feet. When hurricanes reach landfall in Edgecombe County, the Tar River, though picturesque and silent, brings rising water causing massive destruction to this low-lying town. In 1999, water rose to 42 feet and engulfed the entire town. In 2016, water rose to 36 feet, one foot shy of the dike’s peak. While the dike held, water entered the town where the dike tapers off, flooding pockets of Princeville which included Main Street, Town Hall, the Senior Center and Princeville Elementary School. “We are proud people. We are determined people. We have a goal of making Princeville great again,” said Jones. Following the flood, residents were dispersed to shelters, hotels, or homes of friends and family. “With every flood people move See PRINCEVILLE, page A3

NC Senators want to cap income tax constitutionally Senate Bill 75 would offer a statewide referendum to voters on whether to add a constitutional amendment capping the income tax level at 5.5 percent

By Jeff Moore North State Journal

Joshua Roberts | REUTERS

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Sitting adjacent to the Tar River, the Town of Princeville, the oldest town chartered by blacks in America, has long been inundated with flooding since its inception as natural disasters routinely plague Eastern North Carolina

RALEIGH — After several successful years of passing tax reform legislation aimed at expanding the tax base and lowering rates, some Republicans in the N.C. Senate are looking to lock in their gains via constitutional amendment. The state constitution already contains an amendment limiting the rate to 10 percent, but Senate Bill 75 would allow for a referendum on whether or not to lower the cap on income tax rates by almost half that to 5.5 percent. Sen. Andrew Brock (R-Davie),

a primary sponsor of the bill, said recent economic shifts highlighted the downsides of over reliance on income taxes and a lowered cap would help ensure the lesson is learned. “It’s currently capped at 10 percent and we saw during the recession that dependence upon the income tax is not a good source for revenue,” said Brock. “It’s counterproductive to tax people on their productivity. Most economist will say you want to stay away from the income tax as much as possible.” Stay away they have, as Republican majorities have slashed personal income tax rates down to 5.4 percent since achieving legislative majorities in 2010, marking a significant departure from tax structures and trends of the last several decades. North Carolina first enacted the personal income tax in 1921, ranging from 3 to 7 percent on a See AMEND, page A3


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