Republicans pitch 3.5% income tax cap as an affordability fix in North Carolina—but Gov. Josh Stein says it won’t put ‘more money in anyone’s pockets’

North Carolina Republican lawmakers have proposed a constitutional amendment capping the state income tax at 3.5%, a measure that would not immediately cut rates but would lock in a ceiling above the current 4.25% rate. Gov. Josh Stein criticized the plan, arguing it would not put "more money in anyone's pockets" because it delivers no near-term tax relief. The proposal comes as lawmakers frame the cap as an affordability measure for residents. Because the amendment would change the constitution, it would require approval from voters in addition to passing the legislature. What to watch next is whether the measure clears the General Assembly and reaches the ballot, and whether supporters pair it with any immediate rate reduction.