North Carolina’s Economy: Then & Now

    by CLC Staff

    In November 2010, fiscally conservative reformers won legislative majorities in the North Carolina General Assembly for the first time in more than a century. Since beginning their work, they have put the state’s economic house in order by eliminating billions in debt and deficits, restructuring the tax code, lowering individual and corporate income tax rates, and slashing onerous and costly red tape on businesses. Over the last dozen years, these reforms have produced record levels of revenue, huge budget surpluses, historically low levels of unemployment, and unparalleled investment and job creation by some of the world’s largest and most innovative companies.