Political Quotes

“Mr. Speaker, recently, Forbes magazine reported something that we North Carolinians have known for some time: North Carolina is the number one State for business. To give credit where it is due, the Tar Heel State's successful business atmosphere is in large part due to the North Carolina Legislature which has cut personal and corporate tax rates since Republicans assumed the majority in 2010. This year the legislature enacted a budget that reduces the State's flat personal income tax rate from 5.499 to 5.25 in January of 2019. In 2013, elected officials in Raleigh created an impressive probusiness policy agenda that reduced the State's corporate income tax from 6.9 percent in 2013 to 3 percent in 2017, which will drop to 2.5 percent in 2019. This progrowth corporate income tax reduction has played a pivotal role in making North Carolina attractive to businesses. The State of North Carolina is a wonderful place to start a business and to live, and people from other States are moving to the State in droves. Migration rates to North Carolina consistently rank in the highest percentiles in the Nation. Our State ranks second in lowest business costs in terms of labor, energy, and taxes. With rankings like that, it is no wonder that businesses rightly choose to operate out of North Carolina. As a former small businessowner, it is a pleasure to hear that Forbes had recognized North Carolina's business bona fides.…”