With North Carolina creating jobs thirty percent faster than the nation and generating budget surpluses the left-wing newspapers said wouldn’t happen, Governor McCrory can grab the economic growth message from Attorney General Cooper by embracing the tax cuts in the new conservative budget.
The budget cuts personal income tax rates by 4% and raises the amount of income that working people can make tax free by $500. That’s over $2 billion in new individual income tax relief. And the tax plan continues the economic growth driving business tax reduction strategy.
Tax cuts for everyone promote economic growth and fairness. In the Legislature, Roy Cooper raised income tax, sales tax, business taxes and gas tax. Governor McCrory can draw an economic contrast by running on tax cuts.