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Rucho returns as Finance chair after senators reject resignation

A few weeks after going into a sort of self-imposed exile, Sen. Bob Rucho returned to the gavel this week as chair of the Senate Finance Committee.

“I think we’ve got the issue resolved,” he said Wednesday.

Last month, the Matthews Republican, frustrated when Senate leaders backed off his ambitious tax overhaul plan, offered his resignation as committee chairman – which wasn’t accepted – and fired off a letter criticizing Gov. Pat McCrory and House Speaker Thom Tillis, both Mecklenburg County Republicans.

“It is a huge disappointment that the governor and the speaker ... did not provide the leadership or have the political backbone to fight the special interest groups,” he wrote.

This week the governor, speaker and Senate president all agreed on a tax plan that cuts personal and corporate income tax rates.

Rucho said he’s come to terms with the plan, even though it doesn’t go as far as he’d like. He wanted to eliminate the personal income tax in favor of a much broader sales tax, or as he calls it, consumption tax.

“This was the first step toward accomplishing something,” he said.

Morrill: 704 358-5059
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