McCrory doesn't expect to roll out his own tax reform plan
Posted May 21, 2013
Updated May 22, 2013
Raleigh, N.C. — Gov. Pat McCrory said Tuesday he does not expect to roll out his own tax reform package this year.
McCrory said Tuesday he has an idea of what he would like to see, but he would likely not publicly release the parameters.
"My goal is to have a consensus tax plan," McCrory said.
Like his fellow Republicans in the state legislature, McCrory says the state needs to remake its tax system in order to spark economic growth.
"The high corporate tax and high income tax is making us less competitive, especially with our neighboring states," McCrory said.
In order to reduce the income and corporate tax rates, both the House and Senate plans broaden the sales tax base, applying sales tax to more items and services that are not currently taxed.
The Senate plan is more aggressive, potentially applying sales tax to some 130-to-160 services. The House plan is more small-c conservative, expanding sales tax only to services associated with physical goods, such as delivery of a refrigerator or repairs for a car.
In press statements, McCrory seemed more kindly disposed toward the House plan. Tuesday, he did not disclose the details of his thinking, but said he would not need to roll out his own proposal in order to affect the final outcome.
"There's been influence already," he said. "There's an open line of communication."
McCrory spent about 10 minutes Tuesday in a wide-ranging conversation about the state budget, tax reform, governance of the SBI and the Medicaid shortfall.