Wednesday 17 May 2017

Wednesday News: Defending millionaires

bergermoore.jpg

BERGER CUTS EDUCATION PROGRAMS IN DEMOCRATS' DISTRICTS TO PRESERVE TAX CUTS FOR THE WEALTHY: N.C. Senate leader Phil Berger is defending Republican legislators’ controversial 3 a.m. move to strip funding from several education programs in counties represented by Democrats. He argues that the change was necessary to address the state’s opioid epidemic without raising taxes. Under the proposal from Lowe, a Democrat from Forsyth County, the reduction in the personal income tax rate from 5.499 percent to 5.35 percent wouldn’t apply to higher income taxpayers. For example, married couples filing jointly and earning more than $1 million annually would continue to pay the 5.499 percent rate, while those earning less would pay 5.35 percent.
http://ift.tt/2ro4ByN


http://ift.tt/2qSC1sl

No comments:

Post a Comment