Senate Plan To Provide Balanced Tax Relief, Support Job Growth Statewide

Raleigh, N.C. – Senate Republicans proposed a comprehensive economic development solution Wednesday that provides balanced tax relief to North Carolina families and businesses, reforms outdated and unfair tax laws, and empowers the entire state to grow and compete for new jobs.

The plan responsibly extends the state’s jobs incentives programs to recruit new businesses, while also further improving the tax climate for existing businesses so they can invest and hire more workers statewide. And it reduces the tax burden for North Carolinians of all income levels – including working families, seniors and lower income earners.

“This comprehensive package is the next step in making North Carolina more competitive for jobs and allowing working families and small businesses to keep more of their hard-earned money,” said Senate Leader Phil Berger (R-Rockingham.). “It builds on the successful tax reform efforts of 2013 by cutting taxes across all income spectrums and providing solutions to some unanticipated outcomes. Gov. McCrory has insisted on a balanced approach, so we’ve gone back to the drawing board to make sure every area of the state is more attractive for job creation – both rural and urban alike.

“These are some of the most challenging issues facing our state, and I am grateful to Sens. Brown, Gunn, Rabon and Rucho for working together to find common ground and a fair compromise that helps all of North Carolina.”

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