Blog

North Carolina Legislator Profile: Rep. Stephen Ross (R-Alamance)

In a series of Real Facts NC reports examining key North Carolina legislators, we look at Representative Stephen Ross, who has represented Alamance County in the North Carolina House since 2013. Ross is currently the Deputy Majority Leader of the Republican House Caucus. Ross previously served as Mayor of Burlington and on the Burlington City Council. As a Vice President and an Investment Officer for Wells Fargo, Ross has used his three terms in the House to put the interests of banks, predatory lenders, and developers above North Carolina families. Ross has voted for measures that enhance the profits of predatory consumer finance companies and trap low-income people in a cycle of debt. In his 2012 campaign, Ross called for major regulatory reform to make the state competitive; however, he has instead made North Carolina competitive for his special interest donors and those who seek to prey on the most vulnerable. Read the full profile here.

We need comprehensive tax reform along with major regulatory reform to become competitive again.” – Stephen Ross

Summary

  • Stephen Ross is a Vice President and Investment Officer with Wells Fargo and has received at least $25,500 in PAC money from the financial services industry since 2012.
  • Amid an uncertain economic recovery in 2013, Stephen Ross voted to enhance the profits of predatory consumer finance companies as they further trapped low-income people in debt.
  • Stephen Ross voted for a bill that helps companies sell high-interest rate consumer loans, even after multiple warnings about these lenders to consumers from the Attorney General’s office.
  • Stephen Ross voted for a bill that eliminated a formal track for homeowners to protest development in their communities.
  • In 2013, 14,955 tax filers in Alamance county claimed the state Earned Income Tax Credit, which lawmakers allowed to expire that year. The tax credit went to people that worked but earned low wages, and the benefits totaled $1,668,976 in the county.

Read the full profile for more.