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Source: Gary D. Robertson, WRAL, 5/25/21
A broad tax cut proposal from North Carolina Senate Republicans that began its advance in the chamber on Tuesday also contains federal COVID-19 relief money to give more aid to businesses that previously received federal or state pandemic assistance. GOP finance leaders unveiled an amended version of its tax plan, some of which was already revealed in March and contained an individual income tax rate reduction and more generous standard deductions.
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