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:
Corporate income tax cuts don’t pay for themselves and put key investments at risk.
- A very small share of corporations would benefit.
- 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.