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Josh Stein: “If we go into a recession that we can't raise the tax higher than 3.5%.”

Featuring: Josh Stein, Democratic | Governor of North Carolina

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Stein Slams GOP-Backed NC Tax Amendments That 'Protect Millionaires' At Expense Of Workers

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The income tax, it's never been 3.5%. Right now it's 3.79. It's about to go 3.74. It's about to go to 3.49. And, and they're saying that If we go into a recession that we can't raise the tax higher than 3.5%. If we were in a recession likely, what we would do is we would say, well, we do need to have some temporary increase in the income tax rate for … (00:28–00:34)

STATEMENT

Asserts that the proposed amendment would cap income tax increases during a recession.

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Josh Stein

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