WHAT NORTH CAROLINA CAN DO
There are many policies that North Carolina could enact to improve its climate for asset building and preservation:
Strengthen Financial Security: To address pervasive income and asset poverty, North Carolina should expand the state Earned Income Tax Credit to 15% of the federal credit and support innovative savings programs, such as a match for college savings 529 accounts.
Promote Job Security: To address high unemployment, the state should maintain current unemployment insurance benefit levels and eligibility, create a job sharing program and extend the wage subsidy program. The state should also help residents create their own jobs through microenterprise development and increase business ownership among women and people of color.
Broaden Access to Health Care: To reduce the financial risk for uninsured residents, North Carolina should participate in the federal Medicaid expansion and enact its own Health Care Exchange under the Affordable Care Act.
Stabilize Affordable and Accessible Housing: To address a persistent shortage of affordable housing, North Carolina should expand its successful housing program for people with disabilities and invest $50 million annually in its Housing Trust Fund.