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New report documents folly of cutting corporate taxes

The wonks at the Budget and Tax Center are out with a new report — “Cutting corporate income taxes won’t be an economic boon for North Carolina” — that ought to be a “must read” for state government leaders.

It lists three top reasons for not cutting corporate taxes:

  1. Corporate income tax cuts don’t pay for themselves and put key investments at risk.
  2. A very small share of corporations would benefit.
  3. Corporations are unlikely to expand or relocate because of state income tax cuts

It’s a quick, too-the-point read that you should check out too. Click here to do so.

2 Comments

  1. Doug

    April 19, 2013 at 10:32 am

    I guess we are at a stalemate, your liberal source says cutting taxes won’t help. The other side says it will. Since they are in power, guess that side will win more at the moment, to the benefit off NC.

  2. wncgirl

    April 19, 2013 at 2:18 pm

    I think we should follow Paul Ryans plan.. oh wait isn’t that the one based on the disproven data? The same one that is the laughing stock of the free world.. ( speaking of Lauffer!! ) the one undone by a EXCEL mistake… credibility and proganda are not the same Doug. .. and how in the world can you breathe in that tight, smelly dark place you reside, and considering the company you have up in there I would imagine the conservations are pretty dull with all the dittos.. amens and the randum nut jobs yelling I am the Senator- you are the citizen – be quiet? ahhh what a Grand Old Party the dixiecrats have made for themselves.(FYI could someone give Ayn and Paul Rand’s lil guy a history lesson on that?)