During North Carolina’s “budget crisis” last summer, taxpayers were told that they need to fork over an additional $1 billion of their money in order to allegedly preserve the “bare essentials” of state government. It was one of the largest state tax hikes in the nation.
Families across the state struggling to pay their bills were asked forced to sacrifice more of their hard-earned money away from taking care of their families and hand it over to state politicians.
Keep this in mind as you read this press release from the Governor’s office about how Hewitt Associates will get a nice fat tax break for expanding in Charlotte. Hewitt, by the way, had more than $3 billion in sales last year, and boasted a tidy profit margin of 13% – four times the profit margin of those evil health insurance companies at 3.3% – and yet they are getting a tax break while the rest of us pay more in taxes.
In her press release, Gov. Perdue had this to say:
“This announcement by an international industry leader can only strengthen “North Carolina’s already strong reputation as a business-friendly state…”
But if North Carolina is already such a “business-friendly” state, why exactly do you have to continue to bribe companies to do business here?