NC Small Businesses Keeping Eye on Gasoline Tax Bill

Date: March 31, 2015

Gregg Thompson, state director of the National Federation of Independent Business, released the following statement today concerning legislation to lower the state’s gasoline tax and to change the formula for calculating the tax in the future:

“Reducing the gasoline tax would mean an immediate savings for small, family businesses, but we’ll be watching closely to see whether changing the formula would hurt our members in the long run.

“When you talk about small business, you’re talking about Main Street, and NFIB/North Carolina members understand you can’t get to Main Street without good roads and bridges. Our members understand the need to improve the state’s infrastructure in order to grow and prosper.

“On the other hand, our members also are concerned about what new taxes would mean for small businesses. Main Street still haven’t recovered fully from the Great Recession, and there’s a real concern that the General Assembly might try to shift the cost of fixing North Carolina’s roads onto the backs of small business.

“Transportation is a critical issue, but we can’t afford to improve our highways by wrecking a tax system that encourages small businesses and large corporations to grow and expand and create jobs.”

NFIB/North Carolina is the state’s leading small-business association with over 8,000 dues-paying members representing a cross section of the state’s economy.

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