Three Reforms to Top N.C. Agenda – Americans For Prosperity

by Tim Phillips, president of Americans for Prosperity

Now with a new governor working with the Legislature, here are the three key reforms to watch in the coming legislative session:

First, the Legislature needs to bring the benefits of fiscal responsibility home to each taxpayer through permanent tax reform. While the details have yet to be finalized, the Legislature may pass a bill to eliminate both the corporate and personal income tax. The state will make up the lost revenue by broadening the sales tax rate. This will encourage saving and investment, leading to higher job creation and greater overall prosperity.

Second, the state needs to take advantage of its energy reserves. Gov. Pat McCrory says he will join with his regional governors in Virginia, South Carolina and Georgia to negotiate with the federal government for energy exploration off the Eastern Seaboard. In addition, the state needs to finalize regulations for natural gas development (fracking) so that investors More →