Monday, January 23, 2012

Taxes. Taxes. Taxes.

As the new year begins, individuals and businesses are preparing the necessary information they need to file and pay their taxes.  Citizens and business of North Carolina are paying much more than if they resided in different states. North Carolina has the highest combined tax burden in the Southeast and is one of the ten worst states in the nation for combined tax burdens. With such a high amount of money businesses and individuals must pay every year in taxes, N.C. is less attractive to companies and individuals who plan to relocate. Although the repeal of the extra 1 cent sales tax offers small relief, as legislators, my colleagues and I must continue to slash unnecessary taxes  that burden the citizens of North Carolina and prevent businesses and people from moving here.  

Finding a Solution for High Energy Rates

On Tuesday, January 10, Senator Buck Newton and I met with our fellow members of the Joint Municipal Power Agency Relief Legislative Study Committee to continue gathering information and weighing potential solutions for the high electric rates faced by Rocky Mount residents and other cities in the N.C. Eastern Municipal Power Agency. The N.C. Eastern Municipal Power Agency provides wholesale power to Rocky Mount and other participating communities.

In the 1980s, Rocky Mount and 31 other towns and communities banned together to buy into power plants.  During the process, they accumulated billions of dollars of debt. Now residents of member communities, including Rocky Mount, are struggling to pay off the $2.1 billion debt. On average, a monthly power agency electric bill is 35% more than the average monthly bill of Progress Energy customers. The power agency's rates are higher to help pay off the debt. Citizens cannot continue to pay these exorbitant rates until 2026, the year the debt is scheduled to be paid off.

By hearing from economic development and energy experts and listening to the experiences of town managers from Greenville and Wake Forest who have managed to keep their electric rates competitive, the committee and I are exploring every possible solution to lowering the electric rates plaguing member communities. Whether it's restructuring and refinancing the debt or selling asetts, we are determined to relieve citizens of high energy costs. The committee will be meeting again in the upcoming month and creating a report to summarize our findings and possible solutions.

Friday, January 13, 2012

Overriding Vetoes



On Wednesday, January 4, the governor called a special session, which lasted well after midnight and into the next morning. We successfully vetoed the Dues Check Off Benefit, ending the state government’s ability to deduct NCAE membership dues directly from public school employees’ paychecks. The government should not be involved in collecting membership dues for a private organization, a sentiment that is also shared by nearly half of North Carolina voters according to a May 2011 Civitas Institute Poll.


We also worked hard to override the governor’s veto of the Racial Justice Act but in the end, referred the matter to committee. This law is being abused by death-row inmates and their attorneys. I expect we will bring up the veto override again this spring.


The Joint Legislative Economic Development and Global Engagement Oversight Committee met last week during which we discussed the current economic status of the state and how the state could continue to improve economically. My position is that the state should continue to reduce taxes on businesses and consumers while reducing government red tape. In other words, our state should become more business and job "friendly". 


We will continue to work to improve the business climate to encourage job growth in our state.  


Please feel free to contact me at anytime with your questions or input.

Monday, January 2, 2012

Looking Ahead to 2012

Happy Holidays! I hope you had a great Christmas and are looking forward to a happy, prosperous 2012.

I would like to thank everyone for attending my birthday party before Christmas. Special thanks Dale Folwell, House Speaker Pro-Tem and representative from Forsyth County. We all enjoyed his talk on the much needed Worker’s Compensation reforms he helped enact.

I am looking forward to 2012. Though it will be a short session, there is much to do. One of my top priorities will be to continue to work to decrease the size and cost of the government in North Carolina. At it current state, it is too large and too expensive for our taxpayers to sustain. The Department of Transportation is also a costly issue. With high gasoline prices and consumption rates, raising the gasoline tax will be financially detrimental to citizens. We must find another funding source and lower the gasoline tax in our state. Municipal rates, especially in Nash County, also must be addressed. As the Chairman of the Municipal Power Agency Relief Committee, I plan to continue our work on possible solutions to relieve citizens of exorbitant rates. 

We return to session in May this year. Between now and then, there will be many committee meetings and work sessions on these and other issues. I hope to update you regularly in this space. Feel free to contact me at anytime when you have questions, comments or concerns.


Thank you.