North Carolina Showing the Way

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from TPPF,

What To Know: Even as Congress considers trillions of dollars in new spending, states such as North Carolina are drafting responsible budgets that put the taxpayer first.

The TPPF Take: North Carolina lawmakers are now working to enact a new conservative budget that provides further tax relief.

“The North Carolina Senate unveiled its version of the budget, which, in addition to spending less than the figure agreed to with the House in early June, cuts the personal income tax rate from 5.25% to 3.99% while phasing out the corporate income tax by 2028,” says TPPF’s Vance Ginn. “That budget was approved with a bipartisan, veto-proof majority in the North Carolina Senate on June 24.”

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