DURHAM, N.C. (AP) — Incoming North Carolina Gov. Pat McCrory said Wednesday his top priorities include changing the state’s tax system, and he’s promising bankers and business leaders he’ll push back if special interests try to protect their advantage.
McCrory, who will be sworn into office on Saturday, didn’t offer a tax plan Wednesday and has committed himself only to reducing North Carolina’s highest-in-the-Southeast income tax rates to compete with South Carolina and Virginia. But he said he believes North Carolina’s corporate and personal income tax rates are holding back recovery from the Great Recession because they make the state less attractive to business executives seeking to create jobs.
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