I own and operate a small business located in Senate District 27. I know the challenges our local business owners face, firsthand. Our state government should be helping to fan the flame of the local economy, and that starts with supporting small businesses, which create about two thirds of the new jobs in North Carolina. As such, they must be the epicenter of our strategy for economic growth.
In recent years, this General Assembly has increasingly shifted the tax burden onto the shoulders of small businesses and the families who own them. I favor an exemption on the first $50,000 of small business income so that money can be reinvested in workers and local communities.
I support a revival of the Earned Income Tax Credit (EITC) as it would give our working families a leg up as they strive to enter or stay in the middle class.