NC Senate Delays Final Vote On Tax Overhaul
RALEIGH, N.C. (AP) – The North Carolina Senate has delayed a final vote on a tax overhaul plan to discuss changes with House members and Gov. Pat McCrory.
Senate Leader Phil Bergerof Eden said Tuesday a scheduled final vote was being put off for talks with McCrory and the House, which already passed its own proposal. The Senate’s plan tentatively passed last week. Berger said the proposal will be scheduled for action Wednesday.
The Senate plan cuts taxes by billions through a gradual repeal of corporate taxes and lower income tax rates. Proponents say it will boost the economy.
Critics have said it is not true tax reform because it doesn’t make major changes to the sales tax code. Others say it will severely hurt state and local public services.