Source: Matthew Burns, WRAL, 5/25/21
Republican lawmakers rolled out a bill Tuesday that they say will cut individual income taxes in North Carolina by more than $1 billion a year. The proposal also would phase out state corporate income taxes by 2028 and provide grants to businesses affected by pandemic-related shutdowns over the past year. But it wouldn't allow people who lost jobs during the pandemic to deduct their unemployment benefits. For more of this story, click here.
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