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RALEIGH, N.C. -
House Democrats would raise sales and income taxes as well as taxes on alcohol and cigarettes in a plan designed to help narrow a North Carolina state budget gap of more than $4 billion.
House Finance Committee senior chairman Paul Luebke said Monday night the $940 million offer will be unveiled before the panelTuesday morning. Luebke said the money would be used to reduce some proposed cuts in education and health care.
The plan would change the sales tax rate most people pay from 6.75 percent to 7 percent, while two new income tax brackets would be created for the state's highest wage earners. The cigarette tax also would go up 25 cents per pack to 60 cents.
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