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Pat McCrory on Budget & Economy

 


Tax & unemployment overhaul helped economic crisis recovery

Our spirit of resilience helped North Carolina recover from our economic crisis. When I took the oath of office in January, 2013, North Carolina taxes were among the highest in the Southeast. But working together, we passed historic tax reform that put more money in people's paycheck. It was the first major overhaul of our tax system in nearly 80 years. And two years ago, because of our badly outdated unemployment insurance system our businesses owed the federal government $2.5 billion. But drawing upon our resilience we reformed our unemployment program. We not only aligned our benefits with neighboring states, we also devised a plan to pay off our debt this year, a full 3 years ahead of schedule.

Now in North Carolina, not only do we balance our budget, but when we have a debt, we cut up the credit card and we pay it off. That's a lesson those in Washington need to learn.

Source: State of the State address to 2015 N.C. Legislature , Feb 4, 2015

Other governors on Budget & Economy: Pat McCrory on other issues:

NC Senatorial:
Kay Hagan
Sean Haugh
Thom Tillis

Gubernatorial Debates 2015:
KY: Conway(D) vs.Bevin(R)
LA: Vitter(R) vs.Dardenne(R) vs.Edwards(D)
MS: Bryant(R) vs.Slater(D)
Gubernatorial Debates 2016:
DE: Bonini(D) vs.Carney(R)
IN: Pence(R) vs.Gregg(D)
MO: Hanaway(R) vs.Brunner(R)
MT: Bullock(D) vs.Perea(R)
NC: McCrory(R) vs.Cooper(D) vs.Spaulding(D)
ND: Dalrymple(R) vs.Heitkamp(D) vs.Pomeroy(D)
NH: Hassan(D) vs.Bradley(R)
OR: Brown(D)
UT: Herbert(R) vs.Matheson(D)
VT: Shumlin(D)
WA: Inslee(D) vs.Bryant(R)
WV: Kessler(R) vs.Cole(D)
Newly-elected governors (first seated in Jan. 2015):
AK-I: Bill Walker
AR-R: Asa Hutchinson
AZ-R: Doug Ducey
IL-R: Bruce Rauner
MA-R: Charlie Baker
MD-R: Larry Hogan
NE-R: Pete Ricketts
OR-D: Kate Brown
PA-D: Tom Wolf
RI-D: Gina Raimondo
TX-R: Greg Abbott

Lame ducks 2015-16:
DE-D: Jack Markell
(term-limited 2016)
KY-D: Steve Beshear
(term-limited 2015)
LA-R: Bobby Jindal
(term-limited 2015)
MO-D: Jay Nixon
(term-limited 2016)
VT-D: Peter Shumlin
(retiring 2016)
WV-D: Earl Ray Tomblin
(term-limited 2016)
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Page last updated: Jun 29, 2015