For business to flourish in North Carolina, we must lower taxes, reduce burdensome regulations, build roads better and faster, and ensure an affordable health care system.
The Founding Fathers envisioned a government with limited powers to ensure the people’s freedom. The free enterprise system cannot flourish without an atmosphere of limited government. It is our free enterprise system that creates the businesses that in return create the wealth taxed by government. The growth of government should be balanced with the growth of our economic system. If government outweighs our economic engine, it becomes a burden. Private businesses, not government, should serve as the catalyst for job growth and economic recovery.
North Carolina is currently rated as having one of the worst tax environments for business in the Southeast. Where that hurts us most is in trying to bring in industry to our state that sees a more appealing tax environment in Virginia, South Carolina, and Tennessee – our closest competitors for business. This situation must change for jobs to come to North Carolina. It is unfair for tax breaks to be directed to a selected few. North Carolina needs a tax system that serves as an incentive to all businesses and also sends a positive message that North Carolina is a great place to live, work and raise a family.
The regulatory climate for business becomes more complex every day, producing expensive and time-wasting hurdles for business and stifling job creation and economic growth. Navigating the bureaucratic regulatory maze costs businesses time and money that could better be channeled to creating jobs.
Reduction of Frivolous Lawsuits
The unnecessary litigation and legal blackmail that currently holds many North Carolina businesses hostage adds costs and prevents many employers from being able to create jobs. Reasonable lawsuit reform could help take North Carolina’s business environment in a positive direction.
With the massive amount of money that unions are spending on elections, the monitoring of union activity should be a top priority for a business friendly state. The Service Employees International Union (SEIU) Local 2008 (known also as the state employees association of NC) will be a continued force in state public affairs. Laws that the unions are pushing threaten our jobs, especially legislation like the union-backed “card check” legislation.
For business to survive in North Carolina, it’s time to fight back against the frivolous lawsuit trial lawyers, big union bosses and radical environmental groups that threaten our state’s economic future.