The jobless rate in western North Carolina is among the highest in the country. Republicans won many legislative seats by claiming they would create jobs and lower taxes to stimulate small businesses. They have not passed even one effective jobs bill, but they did lower taxes on businesses. Yes they did. But, “small” got left out of it. Surely, this was a “misunderstanding.” It also gave big businesses that tax break. This little “misunderstanding” cost the taxpayers one third of a billion dollars in lost revenue. This would have restored a significant part of our education underfunding.
Likewise, another “misunderstanding” allowed businesses the tax break even if they did not create a single job. $340 million tossed away as a gift to big business.