Do not be fooled by the media that continues false reporting about North Carolina hurting economically. The Sky-Is-Falling reporting lacks facts.
Ever since the voters elected Republicans as the majority in 2010 the legislature has implemented conservative policies and fiscal stewardship of tax dollars. The non-partisan Tax Foundation ranked North Carolina’s tax climate the 11th best for business in 2018. N. C. climbed the rankings to 11th best for business, passing 30 states in just three years after their tax relief passed. They implemented conservative policies and fiscal stewardship of tax dollars.
Job Creation – More people are able to find employment opportunities. Jobs are growing faster than the national averages. The unemployment rate is down to 4.4 percent. Incomes are rising.
Tax Reform – The legislature began a series of income tax reductions in 2013 allowing workers to keep more of their hard-earned money. Prior taxation had a three-tiered personal income tax rate of 6%, 7% and 7.75%. The Republican legislators instituted a lower flat rate for everyone that declined each year: 5.8% for 2014, 5.75% for 2015, 5.499% for 2017 and 5.25% for 2019.
In addition, they voted against the Democratic proposal of another extension of the “temporary sales tax”.
Financial Stability – North Carolina now has a rock solid AAA bond rating, one of only 12 states to earn that rating by all three rating agencies. Strong ratings allow the state to borrow money when needed at an extremely low interest rate.
Business Is Thriving – North Carolina is ranked fourth in the nation for attracting and expanding businesses. Both Forbes and Site Selection magazines ranked N.C. the number two state for business climate.
We need to send a message of thanks to our Republican legislators for their conservative fiscal policies that have moved North Carolina into a thriving state. Also, vote for them in November.
Find the list of representatives on their web site: ncleg.net/representation
Source: John Locke Foundation, Carolina Journal