Institute on Taxation and Economic Policy

North Carolina Budget & Tax Center: Tax Changes in NC Senate Budget Plan Benefit Richest, Worsen Racial Inequities

ITEP Work in Action • By ITEP Staff

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The NC Senate tax plan will double down on the path to zero income tax — keeping in place the elimination of the corporate income tax and reducing the personal income tax to 2.49 percent after 2029 — to benefit the very wealthy and profitable corporations.

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