The N&O reports Gov. Beverly Perdue deep-sixed the reported $1 billion tax hike deal between Democrat leaders in the House and Senate — in part because she objects to the “tax on taxes,” or income-tax surcharge legislators proposed.
That’s the good news. The bad news is, Perdue wants the General Assembly to come up with an extra $200 million, or $1.2 billion in tax hikes overall.
Sen. Dan Clodfelter of Charlotte says to expect another continuing resolution, allowing negotiations to carry on into August.
