This year North Carolina is experiencing one of the fastest-growing economies in the country. We have delivered $4.4 billion in tax relief, fixed our broken unemployment insurance system, reformed our transportation funding formula and economic development strategy, and invested in education to strengthen the state's economy and put more people back to work.
Three years ago North Carolina had the highest income and corporate tax rates in the Southeast. By signing historic tax reform into law, we are putting more money back into the paychecks of hardworking families and businesses by reducing personal and corporate tax rates. This reform is saving North Carolinians $4.4 billion over five years and has made North Carolina attractive to corporations, investors, entrepreneurs, small businesses and families.