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Submitted by BlueNC on NC SENATE S BUDGET IS A TAX-CUT EXTRAVAGANZA: There would also be bonuses of $1,500 for law enforcement, correctional officers and staff and employees of 24-hour residential and treatment facilities. Additional bonuses across the board, using state funds, would go to teachers, who would get $300, and principals, who would get $1,800, respectively. The budget’s tax cuts include cutting the personal income tax rate to 3.99% by 2026. The current tax rate is 5.25%, and the budget would reduce it to 4.99% in 2022. The budget also includes parts of the same tax-cuts plan the Senate already passed, including phasing out the corporate income tax entirely. There is no cost of living adjustment for retired state employees in the Senate budget.

Harnett countyNorth carolinaUnited statesNew yorkWake countyChuck schumerRupalij limayeBarack obamaRoy cooperDavid willisSecurity administrationCenters for diseaseJohns hopkins universityUnion county republicanLeslie mccrae dowlessSocial security