NC budget chief: Problems with tax overhaul idea

Published January 24, 2013 12:54am ET



CHAPEL HILL, N.C. (AP) — Gov. Pat McCrory’s top budget officer pointed out potential problems Wednesday with an idea floated at the Legislature to potentially eliminate North Carolina personal and corporate income taxes and apply the sales tax to many more services.

Deputy Budget Director Art Pope told reporters he’s worried a preliminary tax pitch from Senate Republicans could be regressive and essentially double-tax older adults who paid income taxes and saved for retirement.

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