This report  from the Center on Budget and Policy Priorities ought to be required reading for the folks determined to slash or abolish the personal income tax in North Carolina.
The tax “reformers” claim their efforts are all about creating jobs, but the Center’s report shows the evidence in a number of studies proves that income tax cuts are a poor strategy for economic growth.
The vast majority of these studies find that interstate differences in tax levels, including differences in personal income taxes, have little if any effect on relative rates of state economic growth. Of the eight major studies published in academic journals since 2000 that have examined the broad economic effect of state personal income tax levels, six have found no significant effects and one of the others produced internally inconsistent results.
Check out the good work of the N.C Budget & Tax Center for more on the tax reform debate, including this report showing the Civitas/Arthur Laffer plan that’s similar to what Sen. Bob Rucho eventually wants to accomplish would raise taxes on the bottom 60 percent of taxpayers and give the top 20 percent a tax cut, with millionaires getting a $41,000 break.
And it would not create jobs.