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The Tax Cuts and Jobs Act passed by Congress in December created what many referred to as historic tax cuts for both individuals and businesses.
On its surface, the bill appears to favor businesses, instituting a flat tax rate of 21 percent for C corporations with no expiration date. Individual tax rate changes included downward shifts of zero to three percent, with the decrease expiring in ten years.
The Rev. Billy Graham, a North Carolina native who was arguably the country's most famous living evangelist, died Wednesday at age 99.
Graham was born near Charlotte in 1919. He provided religious counsel to presidents and was the first Christian leader from North America to deliver a public sermon behind the Iron Curtain.
U.S. Rep. Richard Hudson, whose district includes Moore County, was among the many people who paid tribute to Graham on Wednesday.
Salisbury/Fayetteville — Congressmen Richard Hudson (NC-08) and Ted Budd (NC-13) met with business owners at New Sarum Brewing Company in Salisbury on Tuesday. The stop is part of a tour to talk about legislative priorities and the recent federal tax cut package. In the package, Congress cut the federal excise tax for breweries making less that 2 million barrels per year.
“Our smaller local breweries are huge economic drivers,” said Hudson. “This tax cut will make it easier for them to buy new equipment, expand, hire more people and continue to invest in our community.”
SALISBURY — Edward Moscardini, chief operating officer of New Sarum Brewing Co., says the company’s recent expansions are directly related to tax cuts passed by Congress in December.
CHARLOTTE, NC — Local leaders are sharing their thoughts and memories of the Rev. Billy Graham following his passing at the age of 99.
The following statements were released Wednesday:
Governor Roy Cooper
“Billy Graham was a strong, humble, positive and passionate North Carolina man of faith who made a difference in the lives of so many. Rest with God, Reverend Graham.”
FORMER PRESIDENT BARACK OBAMA
“Billy Graham was a humble servant who prayed for so many — and who, with wisdom and grace, gave hope and guidance to generations of Americans.”
FORMER PRESIDENT JIMMY CARTER