Today is Monday, 25th November 2024

NC: Governor Doesn’t Support Democrats Tax Plan

From FayObserver.com:

The General Assembly’s deal to raise $982 million more in taxes this year fell apart Thursday when Gov. Bev Perdue told fellow Democratic legislative leaders she wouldn’t support their across-the-board income tax surcharge.

Senate Democrats, already uneasy about a plan that would have raised income and sales taxes to close a large budget gap, decided later to go back to square one on the revenue negotiations because Perdue complained. The lawmakers sounded dug in again on their own plan.

“Everything’s off the table,” said Sen. David Hoyle, D-Gaston, one of the key tax negotiators, after a meeting of the Senate Democratic Caucus. “We were directed to start over.”

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