NC governor says tax talks are tough process - WNCT

NC governor says tax talks are tough process

Posted: Updated:
RALEIGH, N.C. -

Gov. Pat McCrory said Wednesday that he and North Carolina legislative leaders are going through a "tough process" working on a tax overhaul, but he isn't going to spend a long time trying to facilitate a deal.
    
McCrory said he's feeling there will be a positive outcome to negotiations between House and Senate Republicans.
    
The two chambers have passed competing tax plans and are trying to work out an agreement. Lawmakers have said they want the tax changes settled first before a final two-year state government budget is finalized so they'll know how much money they have to spend through mid-2015.
    
McCrory said he's looked at many tax scenarios but hasn't made his own offer to legislators. He has told them there are certain tax changes he wouldn't support. The Republican governor also has said he's concerned about whether there will be enough money to carry out some of his priorities.
    
"We're going through a tough process that I hope that we can reach a consensus on, but as the governor I've got to make sure the numbers add up and that's my major issue," McCrory said in an interview following a bill signing ceremony in the old Capitol building. .
    
McCrory isn't necessarily in a position of strength. The legislature doesn't have a hard deadline to pass a plan, and Republicans have large enough majorities in both chambers to override a McCrory veto, although such actions aren't likely. Republican lawmakers, however, want to end the legislative session in July. A bill sitting on McCrory's desk would keep government operating through July 31 while a budget is being worked out.
    
"I hope we can reach (a tax) consensus within the next week among the leadership. I don't want this to drag out much longer," the governor said. "I either want to come to a consensus on a plan, or move on to many of the other important items we all have to deal with."
    
The competing House and Senate plans differ on the extent of reductions to corporate and individual income tax rates and changes to business franchise taxes. The chambers also don't agree on which sales tax exemptions should end and which services should be subject to the tax.
    
McCrory has said he wants income tax rates lower to become more competitive with surrounding states and that any plan should be "revenue neutral," meaning it would not immediately increase the state's share of revenue.

  • PoliticsMore>>

  • NC GOP Senate candidates face off as early voting begins

    NC GOP Senate candidates face off as early voting begins

    Wednesday, April 23 2014 11:15 PM EDT2014-04-24 03:15:49 GMT
    The four top-polling Republican Senate candidates, vying to unseat Democrat Kay Hagan, debated on Wednesday night in Raleigh, the night before early voting was set to begin. The primary is May 6, but voters can start heading to the polls on Thursday.During the half hour televised debate, State House of Representatives Speaker Thom Tillis of Charlotte said he was leading a conservative revolution in Raleigh, cutting regulations and taking credit for falling unemployment numbers. Tillis faces c...
    The four top-polling Republican Senate candidates, vying to unseat Democrat Kay Hagan, debated on Wednesday night in Raleigh, the night before early voting was set to begin. The primary is May 6, but voters can start heading to the polls on Thursday.During the half hour televised debate, State House of Representatives Speaker Thom Tillis of Charlotte said he was leading a conservative revolution in Raleigh, cutting regulations and taking credit for falling unemployment numbers. Tillis faces c...
  • Committee proposes rules for drone use in NC

    Committee proposes rules for drone use in NC

    Wednesday, April 23 2014 4:58 PM EDT2014-04-23 20:58:27 GMT
    A legislative committee approved a set of regulations that it hopes will calm people's fears about the use of drones while allowing the industry to flourish.
    A legislative committee approved a set of regulations that it hopes will calm people's fears about the use of drones while allowing the industry to flourish.
  • Republican NC Senate candidates meet in debate

    Republican NC Senate candidates meet in debate

    Wednesday, April 23 2014 2:24 PM EDT2014-04-23 18:24:44 GMT
    Thom Tillis largely shrugged off criticism about aspects of his legislative record from one of the three other candidates participating in their first television debate.
    Thom Tillis largely shrugged off criticism about aspects of his legislative record from one of the three other candidates participating in their first television debate.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Mom bites off dog's ear to save daughter during attack

    Mom bites off dog's ear to save daughter during attack

    Tuesday, April 22 2014 2:49 PM EDT2014-04-22 18:49:19 GMT
    Image from CNN/KHOU-TVImage from CNN/KHOU-TV
    In a backyard in Alvin, swings a very lucky girl. Her name is Mackenzi Plass, or Kenzi for short, and she survived a dog attack and has undergone several surgeries."She'll be two and a half in May," said her very proud mother Chelsi Camp. "She's doing great. You wouldn't know it if you couldn't see."Mackenzi has scars on her face after the ordeal just weeks ago that put her mother's animal instincts to the test."You do whatever you can," said Camp. "I don't have physical strength at my side."...
    In a backyard in Alvin, swings a very lucky girl. Her name is Mackenzi Plass, or Kenzi for short, and she survived a dog attack and has undergone several surgeries."She'll be two and a half in May," said her very proud mother Chelsi Camp. "She's doing great. You wouldn't know it if you couldn't see."Mackenzi has scars on her face after the ordeal just weeks ago that put her mother's animal instincts to the test."You do whatever you can," said Camp. "I don't have physical strength at my side."...
  • Mom wins lawsuit against TSA after breast milk screening problems

    Mom wins lawsuit against TSA after breast milk screening problems

    Wednesday, April 23 2014 4:40 PM EDT2014-04-23 20:40:54 GMT
    A Southern California woman who was held at a Phoenix airport four years ago after refusing to have her breast milk X-rayed has reached a settlement with the Transportation Security Administration. Stacey
    A Southern California woman who was held at a Phoenix airport four years ago after refusing to have her breast milk X-rayed has reached a settlement with the Transportation Security Administration. Stacey
  • Owner of Raleigh 'Party Mansion' guilty of tax evasion

    Owner of Raleigh 'Party Mansion' guilty of tax evasion

    Monday, April 14 2014 4:07 PM EDT2014-04-14 20:07:04 GMT
    Claude Verbal II, who now lives in Miami, pleads guilty to a number of federal tax evasion charges.
    Claude Verbal II, who now lives in Miami, pleads guilty to a number of federal tax evasion charges.
Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.