Uncategorized

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?)

Check Also

Glazier: NC legislature should adopt measures to protect safety of protestors, repeal monument statute

Earlier this afternoon, N.C. Justice Center Rick Glazier ...

Top Stories from NCPW

  • News
  • Commentary

Senate favors form of merit selection for judges as alternative to House judicial redistricting bill [...]

North Carolinians hoping to find out who’s been funding Rep. Justin Burr’s crusade this legislative [...]

The SePro Corporation is receiving as much as $1.3 million in taxpayer money to chemically kill the [...]

Across the state, this year’s historically crowded municipal elections have drawn new types of candi [...]

Lawmakers to return to Raleigh yet again; agenda may include dangerous “de-reg” proposal The North C [...]

The three federal judges could have just come right out and said it: The Republicans who rule the N. [...]

3---number of states that adopted new state Earned Income Tax Credits in 2017---Montana, Hawaii, and [...]

The post Total Eclipse (of Democracy) appeared first on NC Policy Watch. [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more