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



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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