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Wed December 5, 2012
NC Senators Divided On Fiscal Cliff Solution
North Carolina's U.S. Senators are as divided as House Republicans and the President over a deal to avoid the fiscal cliff. Democratic Senator Kay Hagan today echoed sentiments from the president and fellow Democrats calling for revenue from higher taxes for the wealthiest Americans.
Kay Hagan: "At the top end of the income, especially those people making $1 million and more in income every year should definitely have a higher rate. The main aspect is we've got to avert any tax hikes on the middle class families."
Meanwhile, GOP Senator Richard Burr has said he will not support a plan that raises income taxes or calls for more stimulus spending. Senator Burr has proposed reducing tax rates to help small businesses and raising revenue through closing loopholes in the tax code.