North Carolina Senate unveils state budget proposal with deeper tax cuts
Fox News
The North Carolina Senate has proposed a two-year state budget that would offer less in pay raises for workers compared to what the House sought while further reducing income taxes.
Chamber leaders say judicious year-over-year spending increases, along with billions of dollars in reserves and for capital projects, will protect a state faced with an uncertain business climate.
"As we continue down the road of what economists have dubbed a ‘slowcession,’ the Senate budget proceeds with caution," Senate leader Phil Berger said at a news conference, adding that the plan also helps "ease inflationary pains" felt by taxpayers with additional personal tax cuts.
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