A Charlotte Observer analysis of the tax plan included this from Rep. Ruth Samuelson, who reportedly wants to succeed Thom Tillis as House Speaker.
State Rep. Ruth Samuelson, a Charlotte Republican, said she’s certain the tax cuts will spark more than enough economic growth to balance out the revenue lost. She said the cuts should give North Carolina an edge in the chase for corporate relocations.
The assertion that tax cuts for corporations and wealthy individuals will spur massive new job creation is a common refrain of supporters of the General Assembly’s tax shift, though most lawmakers don’t generally claim it is a certainty. Read More