“Tax relief and real reform”
RALEIGH – Americans for Prosperity’s North Carolina chapter thanked Gov. Pat McCrory, Senate Pro Tem Phil Berger and Speaker of the House Tim Moore Monday for delivering a second round of tax relief statewide in the 2015 biennium budget.
“Their strong leadership on state spending demonstrates priorities and and an improved policy approach to maximize the hard-earned taxpayer dollar,” said Communications Director Joseph Kyzer. “They side with citizens on a basic but fundamental truth about budgeting: it’s what you do with the money that matters.
“While working families received an income tax reduction from 5.75% to 5.49%, this budget also increases the standard deduction for married couples filing jointly to $15,500, keeping pay in their pocket. This budget means more relief for small business owners who file taxes as personal income.
“Our North Carolina Jobs Agenda is gearing up awareness efforts to thank these leaders statewide for a committed focus on protecting the people’s money. North Carolina’s 2015 income tax cuts build on an improved approach to achieving prosperity that works for working people and invests in the fundamental functions of state government.
“By boosting education funding an annual $410 million, these leaders showed they share citizens’ first priority for building an effective workforce and securing economic opportunity. Low-income kids come
first in this spending plan as our state expands Opportunity Scholarships – $4,200 tuition grants for poor students to attend private schools – to $24 million per year by 2017.
“Tax relief and real reform are what North Carolina needed and the outcomes are convincing: a massive $400 million budget surplus and a top-ten economy for job creation nationwide. These are real results of a taxpayer-focused vision for the future shared by Gov. Pat McCrory, Senator Phil Berger and Speaker Tim Moore. Americans for Prosperity North Carolina applauds their 2015 budget and continued commitment to a more effective, more limited government that serves its constituents.”