Governor McCrory Will Veto Unfair Tax Redistribution Bill | Beaufort County Now | Governor Pat McCrory said he would veto Senate Bill 369 which would change the sales tax distribution formula in North Carolina.

Coronavirus Disease 2019 (COVID-19)
Press Release:

    Raleigh, N.C.     Governor Pat McCrory said he would veto Senate Bill 369 which would change the sales tax distribution formula in North Carolina.

    "This bill will result in a tax increase for millions of hard working middle-class families and small business owners throughout North Carolina," Governor McCrory said. "Redistribution and hidden tax increases are liberal tax and spend principles of the past that simply don't work. More importantly, this bill will cripple the economic and trade centers of our state that power our economy.

    "The best thing the Senate and General Assembly can do for less the populated areas across our state is to pass and allow us to implement the NC Competes jobs strategy which will benefit travel and tourism, agriculture, manufacturing and nearly every economic sector in our state.

    "The General Assembly must also pass the Connect NC bond program so North Carolina voters can decide this November on projects that will build roads, improve our universities and community colleges, state parks and build the infrastructure North Carolina needs to grow jobs."

    The governor said SB 369 would be more accurately titled the "Tax Increase, Redistribution and Spending Act."

    "When the phrase 'hold harmless' is used by politicians to defend tax increases, hold on to your wallet," the governor said. "This legislation will decimate our travel and tourism sector, particularly in our mountain and beach communities, shop owners and their employees who depend on tourism for their livelihood. Instead of pursuing left-wing ideas that continually fail, it's time for the General Assembly to get to work on job creation for all North Carolina."

    Among the significant public investment that has been made in rural North Carolina since Governor McCrory was sworn into office in January 2013, is $84 million from specially targeted funds and programs to grow the economies of non-metropolitan areas.

    These targeted funds include $66.7 million from the Rural Infrastructure Authority. The One North Carolina Fund has spent $16.3 million, the Underserved and Limited Resources Community Grants program has invested $1.75 million and the One NC Small Business Fund has given $200,000 in grants.

  • Contact: Crystal Feldman
  •     govpress@nc.gov

Go Back

HbAD0

Latest State and Federal

The national emergency caused by the coronavirus disease 2019 (COVID-19) outbreak in the United States continues to pose a grave threat to our health and security. As
You've all seen the President's statement we issued this morning on the House passing his Build Back Better Agenda for the middle class, which came just three weeks after the Bipartisan Infrastructure Deal also passed.
Under the Previous Administration, Wall Construction Cost American Taxpayers Up To $46 Million per Mile, Shortchanged the Military, and Caused Serious Risks to Life, Safety, and the Environment

HbAD1

Today, President Joe Biden announced he has nominated Elizabeth Prelogar as Solicitor General at the Department of Justice.
The President has said that the challenge of our time is to demonstrate that democracies can deliver by improving the lives of their own people and by addressing the greatest problems facing the wider world.
On my first day in office in January, I directed the Department of Education to pause federal student loan repayments for millions of Americans through September.

HbAD2

 
Back to Top