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Benzinga
Benzinga
Business
Joana Scopel

North Carolina Senate Prioritizes Personal Income Tax Over Medicaid Expansion And Medical Marijuana Legalization

State senate leader Phil Berger (R-Rockingham) expressed support for cutting the state's personal income tax rate in half as legislative leaders prepare the upcoming budget proposal for North Carolina Gov. Roy Cooper (D).

Last year's budget agreement dropped to 4.99 percent and could drop more each year until 2027 when it will reach 3.99 percent. However, Sen. Berger said it should go even lower. “2.5 percent sounds fine to me.”

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