income tax

This week North Carolina budget leaders head behind closed doors to negotiate differences between the State House and Senate versions of the budget. While the budget negotiations won’t be a shootout in the old west for now, several budget items will need to be negotiated before both chambers can approve a plan that must then be sent to the Governor for final approval before June 30 th.

As state lawmakers deliberate the idea of capping state income taxes at 5.5 percent, AARPNC wants to take a closer look to determine if this is a sweet deal that could turn sour.

North Carolina lawmakers are once again considering a constitutional amendment that would tie the hands of state budget writers for years to come, greatly impact the state’s credit rating and the ability of our state to pay its bills, and put vital programs for seniors, families and kids at risk.