Roy Cooper Vetoes GOP Budget, GOP Leaders Pledge Quick Override | News
News
INDY Week's news blog

Archives | RSS

Monday, June 26, 2017

Roy Cooper Vetoes GOP Budget, GOP Leaders Pledge Quick Override

Posted by on Mon, Jun 26, 2017 at 12:37 PM

This morning, Governor Cooper announced he would veto the budget passed by Republicans in the General Assembly last week, citing concerns about education funding as well as tax cuts for corporations and the wealthy.

"This budget shortchanges our state at a time when we don’t have to," he said at a press conference. "Rather than matching the dreams and aspirations of our people, this budget is shortsighted and small-minded. It lacks the vision that our state demands at this pivotal time of growth and change."

The proposed $23 billion  budget would raise teacher pay by an average of 3.3 percent and make a series of tax cuts effective in 2019, lowering the corporate income tax rate from 3 to 2.5 percent, reducing the personal income tax rate from 5.499 to 5.25 percent, and decreasing the franchise tax on small businesses. And, as the INDY highlighted last week, would also allocate $2.6 million over the next two fiscal years to Carolina Pregnancy Care Fellowship, a nonprofit network for crisis pregnancy centers in the state.

Cooper indicated he would support and sign a new budget if it made a few key changes, such as investing more in education and modifying the proposed tax cuts.

"This budget spends one-point-one billion dollars on a tax plan that mostly benefits the wealthy and corporations," he said. "Millionaires get a tax cut eighty-five times what a working family receives. So for my signature, they should eliminate the corporate tax cut, include the child care tax credits set out in my budget, and cap the income tax cut to those making less than one hundred and fifty thousand dollars per year."

Cooper's veto, however, is likely symbolic, as Republicans have supermajorities in both chambers of the General Assembly. Shortly after Cooper's announcement, Senate leader Phil Berger and House Speaker Tim Moore issued a joint statement pledging to override the governor's veto.


Watch the video below for Cooper's full remarks:


Tags: , , , , ,

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

Very thorough coverage. Agree with the previous commenter - thank you!!

by elladavis on Responding to Activists, the Durham City Council Rejects Police Exchanges With Israel (News)

What a biased, uninformative headline. Bravo to Durham City Council for taking a principled stand and shame on Indy Week …

by elladavis on Drawing Accusations of Anti-Semitism, Durham City Council Passes Statement on Police Exchanges (News)

Most Read

Most Recent Comments

Very thorough coverage. Agree with the previous commenter - thank you!!

by elladavis on Responding to Activists, the Durham City Council Rejects Police Exchanges With Israel (News)

What a biased, uninformative headline. Bravo to Durham City Council for taking a principled stand and shame on Indy Week …

by elladavis on Drawing Accusations of Anti-Semitism, Durham City Council Passes Statement on Police Exchanges (News)

You forgot to mention anti-Semitic Deborah Friedman. Remember your talking points.

by Zane Kuseybi on Durham Activists Want the City to Become the First in the U.S. to Condemn Exchanges Between Local Cops and Israeli Security Forces (News)

Unbelievable. No justice for either woman he murdered.

by Urth Creature on No Plans Friday? Michael Peterson is Talking to Dateline NBC (News)

It would be ironic and sad if Durham became the first city in North Carolina to experience the horrors of …

by Allyn Feinstein on Drawing Accusations of Anti-Semitism, Durham City Council Passes Statement on Police Exchanges (News)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation