Paul Fogleman,

Rep. Chris Malone of Wake County and Rep. Billy Richardson of Cumberland County have contacted the HTGAC offices to reinterate their support of our efforts to remove the $80 franchise tax imposed on new manufacturing equipment. Removal of the tax would cost the state $12 million out of a $22 billion budget. Our argument is that nothing should penalize hosiery and textile mills that are updating capabilities for 21st century manufacturing. Roy Cooper affirmed his support for removal in a discussion during a campaign stop in Hickory.

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