NC House and Senate leaders propose competing tax cut plans. Here’s how they’d affect your taxes

Despite all the breathless excitement and competing promotion among cities. It may have been good primary politics for the state’s top two leaders, but now that a grand economic prize is on the.

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[NC House and senate leaders propose competing tax cut plans. Here’s how they’d affect your taxes]. berger defended the tax cuts in the Senate budget. "We feel strongly that when government collects more than it needs, some of that money should be returned to the taxpayers," he said.

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Ordinarily we at PFT avoid stories like the news of the day in Wisconsin, where union members are engaged in massive protests against the governor’s plan to end collective bargaining for state workers.

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The Republican tax proposal will add $1.51 trillion to the federal deficit by cutting taxes — here’s the tax plan. "You can lower somebody’s taxes, but people understand there is no free lunch." Like any major piece of legislation, the House GOP tax plan is likely to change as lawmakers wrangle.

And they are also expanding the child tax credit and repealing a lot of itemized deductions. So there are a lot of tax cuts, and they are trying to pay for them by broadening the base. Knowledge@Wharton: Do the tax cuts that are proposed in the House plan pay for themselves?

The new Senate plan – a rewritten version of House Bill 287 – offers a $30 million boost to schools two years from now. But the increase comes only if the [Related: Here’s what flat funding has meant for Alaska’s schools]. School district officials around the state say they’re being forced to cut teachers.

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NC Legislative Update – March 2017 #4.. NC House and Senate leaders propose competing tax cut plans – Here’s how they’d affect your taxes – N&O.