Republicans pitch 3.5% income tax cap as an affordability fix in North Carolina—but Gov. Josh Stein says it won’t put ‘more money in anyone’s pockets’

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Source: Fortune

A proposed constitutional amendment, if it passes, wouldn’t immediately lower income taxes—but would cap the state income tax at 3.5%.

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Republicans pitch 3.5% income tax cap as an affordability fix in North Carolina—but Gov. Josh Stein says it won’t put ‘more money in anyone’s pockets’