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The Democrats that control all branches of North Carolina Government, including the State Senate, have increased state spending by a staggering 40% over the last 8 years. Even a very modest spending control – like indexing spending growth to inflation and population growth – would have resulted in significantly lower levels of spending over the last 8 years.
The Democrats’ insatiable appetite for increased spending has led to higher and higher taxes on North Carolina’s families and businesses. The Democrats have passed billion dollar tax increases in 6 of the past 8 years. Because of the tax increases North Carolina now has the highest taxes in our region of the country.
Our high taxes make it harder for businesses based in North Carolina to compete in the global marketplace, grow and create new jobs. Our noncompetitive tax rates also make North Carolina a less attractive place to start new business or to relocate an existing business. This is a major reason North Carolina’s economy continues to struggle and that our state has the 6th highest unemployment rate in the entire country:
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