WJTV News Channel 12 - NC Senate moves on latest tax overhaul

NC Senate moves on latest tax overhaul

Posted: Updated:
RALEIGH, N.C. -

The North Carolina Senate has given its initial approval to the latest tax overhaul pushed by Republicans in the chamber.
    
The Senate voted 32-15 Tuesday for the package that would cut personal income tax rates, phase out the corporate income tax and alter what's subject to the sales tax. The measure was rolled out after weeks of negotiations between the House and Senate haven't yielded a compromise.
    
Senate leader Phil Berger says the new proposal takes the House position in several matters. He says the plan would improve the economy and help create jobs. Democrats contend it would hurt working people while benefiting the wealthy.
    
A final Senate vote should occur Wednesday. The package then will go to the House, which isn't taking up legislation until next week.

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