NC House Votes to Pass Tax Cuts, Other Changes
RALEIGH, N.C. (AP) – The North Carolina legislature has started its formal approval for tax changes that Republican lawmakers and Governor Pat McCrory say will energize the state’s economy and give tax relief to residents.
The House voted 77-38 Tuesday for the tax plan after debate was cut off by Republicans after less than 30 minutes. More debate and another House vote are expected Wednesday. The Senate is likely to follow the same schedule beginning Tuesday afternoon.
The bill would reduce corporate and individual income tax rates and expand the sales tax base slightly. House Majority Leader Edgar Starnes says the package will benefit the average citizen and every business in the state.
Democrats like Verla Insko say the bill will lead to higher taxes for low-income citizens.