The economy is a major issue for most North Carolinians. Unemployment is high, energy prices are high, and the outlook is dim. How do we turn this around? There are some things that the General Assembly can do to ease the burdens on small businesses:
Remove unnecessary regulations ($1.5 billion is spent by NC businesses to comply with State and Federal Regulations [2006 figures]).
Lower corporate tax rate (consumers pay these taxes in the form of higher prices).
Reduce spending at the State level, thereby requiring less taxation of business and citizens (there are many programs at the State level that are redundant or obsolete which may be eliminated or scaled back).
Excessive regulation, taxes, and State spending impedes production, exhausts cash reserves, and prevents expansion and hiring in our business community.