North Carolina Republicans will aim to ax income tax [View all]
RALEIGH, N.C. At the moment, seven states across the country dont levy a tax on income, and North Carolina Republicans want to make it eight, according to a powerful member of the state legislature.
State Sen. Bob Rucho, a Mecklenburg County Republican and chairman of the Senate Finance Committee, said Wednesday that he hoped to use the 2015 legislative session to eliminate the state income tax, replacing it with a consumption-based sales tax to make up for the lost revenue.
Thats a direction wed like to go, Rucho said in an interview as the state Senate adjourned for the year. Rucho said it was impractical to push for such a steep cut during a short session the legislature holds in even-numbered years, but that cutting the income tax was a top priority of his when the legislature reconvenes for its biennial full session.
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Read more: http://www.washingtonpost.com/blogs/govbeat/wp/2013/09/04/north-carolina-republicans-will-aim-to-ax-income-tax/