State and Local

NC Senate budgets passes, cuts taxes


State Senate Republicans said Monday their $19.4 billion budget proposal would cut all North Carolina individual income tax rates slightly and try to simplify tax forms, a move they argue will create tens of thousands of jobs when combined with the expiration of temporary taxes.

Read more at BusinessWeek

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Discussion

One thought on “NC Senate budgets passes, cuts taxes

  1. One of the better budgets out of our state in a long time. The only change I would like to see is the senate version exempt the proposed toll on the Hatteras to Ocracoke ferry already dropped from the house version.

    Posted by NikRite | May 26, 2011, 12:33 pm

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