Gov. McCrory signs unemployment bill
Today, Gov. Pat McCrory signed House Bill 4, which he stated in a press release was the first step toward paying off North Carolina’s $2.5 billion debt to the federal government and reforming North Carolina’s unemployment insurance system.
“I will not outsource these tough decisions,” said McCrory. “This bipartisan solution will protect our small businesses from continued over-taxation, ensure our citizens’ unemployment safety net is secure and financially sound for future generations, and help provide an economic climate that allows job creators to start hiring again.”
“Faced with North Carolina’s growing $2.5 billion debt, it was necessary and imperative that we pass this powerful and common-sense reform. This bill, which brings our State’s benefits in line with our neighbors and does not burden small business to pay a debt they never accrued, is an important step in reconnecting our unemployed workers with jobs and restoring fiscal integrity to our U.I. system. We commend the Governor for his leadership to make North Carolina’s business environment more competitive in attracting and retaining jobs,” said bill sponsor Rep. Julia Howard.