Raleigh, N.C. - The North Carolina Republican Party today released the following statement ahead of Tim Kaine's campaign stop in North Carolina:
"It's funny that Tim Kaine would come to North Carolina to promote Hillary Clinton's disastrous economic agenda, considering unemployment skyrocketed and he proposed $4 billion in tax increases while Governor of Virginia. It's clear Tim Kaine knows nothing about sound economic policies,"
said State Senator Joyce Krawiec. "Under GOP leadership, North Carolina has become home to the fastest growing economy in the nation, added more than 300,000 jobs, lowered unemployment in all 100 counties and implemented historic tax reform envied by current Virginia Governor and close friend of Hillary Clinton, Terry McAuliffe. Maybe Tim Kaine should take notes from Governor McCrory and the state legislature before promoting an economic agenda that Hillary Clinton doesn't even know how to fund."
When it comes to lowering corporate taxes, Virginia is looking to this state
By Andy Medici
Washington Business Journal
- "When it comes to corporate tax rates, Virginia Gov. Terry McAuliffe doesn't look to Maryland or the District - he instead holds his state up to North Carolina.
- "McAullife told me his proposal to lower Virginia's corporate tax rate in 2017 to 5.75 percent from 6 percent was a direct response to North Carolina's effort to lower its corporate tax rate from 6.9 percent in 2013 to 6 percent in 2014 and then to 5 percent in 2015...
- "Scott Drenkard, the director of state projects at the Tax Foundation, said Virginia has traditionally competed with Maryland and the District when it comes to tax rates and economic development, but the rapid and dramatic series of tax changes in North Carolina is making it the state to emulate.
- "That reform - which has also included North Carolina lowering and simplifying individual income taxes - has helped attract financial services and manufacturing jobs to the state and made it a destination for corporations looking to expand..."
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- Contact: NCGOP Communications