NC Senate Republicans propose more tax cuts

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RALEIGH, N.C. (AP) – Senate Republicans have rolled out a two-year tax plan they say would save the public $1 billion by cutting or eliminating taxes for nearly everyone.

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NC Senate Republicans unveil new tax plan.. child tax deductions.Proponents say the plan will usher in more than $1 billion in tax cuts, bringing the total tax reductions since Republicans took over the General Assembly in 2011 to approximately $4 billion.Under the proposal, personal income.

Senate Republicans look to "Trumpify" NC’s tax code. " A state constitutional amendment proposed in the North Carolina Senate would seriously limit our state’s ability to meet the needs of its people and respond to crises in the future. Senate Bill 75 would amend the constitution to.

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NC Senate OKs franchise tax cut, Marketplace Facilitator Bill. Senate Republicans once again prioritize more corporate tax cuts at the expense of public education, clean water and providing.

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The full Senate is ready to vote on a North Carolina budget proposal for the next two years. The budget was written by Republicans on the mantra of higher state employee pay, lower taxes and.

They filed a bill Thursday that they said amounts to $1 billion in additional tax cuts. The "Job Creation and Tax Relief Act of 2015" would lower personal income tax rates to 5.625 percent in.

NC lawmakers propose more income, corporate tax cuts. Under the Senate plan, North Carolina’s personal income tax rate would drop from 5.499 percent to 5.35 percent, and the amount of income on which residents pay no tax would expand. For a married couple filing jointly, that "zero bracket" would rise from $17,500 to $20,000.

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NC Senate to vote on tax cuts Tuesday. Senate leaders say it’s targeted more toward lower- and middle-income families than the earlier plan, which gave the largest tax cuts to wealthy taxpayers and corporations. Under the measure, beginning in tax year 2018, the state’s flat income tax rate, currently at 5.499 percent, would drop to 5.35 percent.