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AFP-NC: We give the Income Tax Cap Amendment an AAA rating

Jul 13, 2018 by AFP

Raleigh, NC – This week, North Carolina Treasurer, Dale Folwell, announced that the state of North Carolina will retain its AAA bond-rating. Only 13 states in the nation have achieved this rating which denotes a stable and reliable business-friendly climate. Americans for Prosperity – North Carolina, the grassroots advocacy group, has been spearheading the effort to limit income taxes to 7% in perpetuity. Opponents of the state Income Tax Cap Amendment have argued that capping the income tax rates would negatively affect the North Carolinian business climate. Americans for Prosperity – North Carolina, State Director, Chris McCoy, issued the following statement in regard to the announcement:

“The argument that this Amendment would harm our bond rating has been tried and found wanting. We give the Income Tax Cap Amendment an AAA rating, and its opponents an F. The bond agencies confirmed what we at AFP-NC have known for a long time, and that is that the Tar Heel State is open for business. Come November, voters will have the opportunity to protect themselves from burdensome taxes. If we want North Carolina to be the best state to  live, work, and raise a family in, then voters should consider the Income Tax Cap Amendment.”

For further information or an interview, reach Anna McEntee,, 703-674-9227