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New report documents folly of cutting corporate taxes

Posted By Rob Schofield On April 18, 2013 @ 5:07 pm In Uncategorized | Comments Disabled

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” [1] – 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 [1].


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URL to article: http://pulse.ncpolicywatch.org/2013/04/18/new-report-documents-folly-of-cutting-corporate-taxes/

URLs in this post:

[1] “Cutting corporate income taxes won’t be an economic boon for North Carolina”: http://www.ncjustice.org/sites/default/files/BTC%20Brief%20-%20Corporate%20Income%20Taxes.pdf

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