Gov. McCrory: Supports Expanding Sales Tax Base, Lowering Income Tax

RALEIGH, N.C. (AP) -- Gov. Pat McCrory is siding with a measured approach to overhauling North Carolina's tax system and turning away from a Senate Republican proposal that would greatly expand the sales tax.

McCrory released a statement late Thursday saying the House Republican proposal and a bipartisan Senate proposal are closest to his position on tax reform. Those plans would expand the sales tax base slightly while lowering corporate and personal income tax rates.

The GOP governor says he can't support a plan that turns too many North Carolina residents into first-time tax collectors -- like the plan backed by Senate leader Phil Berger would do. Berger's plan also would subject food to the full state and local sales tax.

McCrory would be asked to sign any overhaul into law.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 209613011 - witn.com/a?a=209613011
Gray Television, Inc.