North Carolina Lawmakers Move to Put Income Tax Cap In Line With Current Rate

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Posted by Americans for Tax Reform on Wednesday, June 20th, 2018, 3:23 PM PERMALINK

Today, the North Carolina House Rules Committee voted in favor of sending Senate Bill 75 to the House floor. SB 75 would refer a reduction in the constitutional income tax cap from 10% to 5.5% to the November ballot.

The North Carolina Senate has already voted to send this constitutional amendment to the ballot with bipartisan support. If 72 of the 120 House members vote for SB 75 in the coming days, this pro-taxpayers constitutional amendment will be on the ballot this fall.

This morning, Americans for Tax Reform president Grover Norquist sent the following letter to members of the North Carolina House, encouraging them to vote Yes on SB 75:

Dear Representative,

On behalf of Americans for Tax Reform (ATR) and our supporters across North Carolina, I urge you and your colleagues to vote Yes on Senate Bill 75, legislation already approved by the Senate that, if approved by the House, would refer a reduction in the constitutional income tax cap from 10% to 5.5% to the November ballot. By voting Yes, you can help protect the policy victories of recent years, which have made the state’s tax code less burdensome and more competitive.  

Gov. Roy Cooper is already proposing to undo some of the pro-growth tax relief you and your colleagues worked so hard to enact. The good news is that Gov. Cooper does not currently have a legislative majority that will permit him to sign the tax hikes he desires into law, but that might not always be the case. As such, it’s imperative that you and your colleagues take action now, while you can, to protect North Carolina taxpayers and lock in the savings you achieved for them.

When it comes to innovative, pro-taxpayer policy reforms, not one of the other 49 states can hold a candle to what you and your colleagues have accomplished in North Carolina in recent years. 2018 is about securing those policy victories and ensuring that this progress cannot be clawed back by future, less taxpayer friendly legislatures and governors. As such, I encourage you and your colleagues to vote to Yes on SB 75.

I thank you for your public service and your leadership. If you have any questions or if ATR can be of assistance, don’t hesitate to contact me or Patrick Gleason, ATR’s vice president of state affairs, at pgleason@atr.org or 202-785-0266.

 

Sincerely,

Grover Norquist

President

Americans for Tax Reform

Photo Credit: Orchidus

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