When Republicans gained control of the Legislature, one of the biggest areas in need of reform was our state’s tax policy. House Republicans went to work to identify areas where individuals, families, and businesses were taxed excessively. The result was sweeping tax reforms for all North Carolinians and an economic turnaround. Now North Carolina is frequently ranked as one of the best places to live and countless businesses have relocated here.
It’s because of Republican leadership that:
- 99% of all North Carolinians pay less in taxes than they did in 2016
- Hundreds of thousands of low-income workers no longer owe any state income
- Republicans tripled the standard deduction for married families from just $6,000 under Democrats to over $20,000 in 2020.
- Over 1.5 million workers, or 30% of tax returns, owe no state income tax because they fall into the Republican zero-tax bracket.
Almost all of these tax reforms were opposed by Democrats. After decades of their failed leadership that left teachers furloughed, businesses closed, and created a $2.5 billion budget deficit, Democrats are still unwilling to take part in tax relief that has helped so many families make ends meet. Their reckless agenda raised taxes, while still creating a massive budget deficit and saving no money for emergencies such as natural disasters or a global pandemic. If Democrats regained control of the Legislature, their laundry list of radical government programs would nearly triple the state’s budget and certainly skyrocket taxes in North Carolina. North Carolinians deserve better than failed tax and spend policies of the past and thanks to Republican leadership, they don’t have to foot the bill for a far-left agenda.