A new report from the Budget & Tax Center explains in stark detail why cutting corporate tax rates is precisely the wrong strategy for North Carolina — not just for our schools and public safety workers, but for business too.
Turns out that more matters to business than marginal savings on taxes. Having an educated workforce, world-class public amenities and healthy communities matters.
Add this to the study from Iowa we talked about the other day, and you have a clear picture: we need a modern revenue system, not more shortsighted cuts.
Here’s the news release:
Report: Cutting corporate tax rate unlikely to boost economy, create jobs