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 ...