fbpx

New poll: North Carolinians overwhelmingly oppose eliminating corporate income tax

Last month the North Carolina Senate passed a bill that would eliminate the corporate state income tax over five years, beginning in 2024.

New polling, released Thursday by progressive policy group State Innovation Exchange, (SiX) shows North Carolina voters overwhelmingly oppose such a change.

The poll, of 800 registered voters in the state via telephone and online between July 6 and July 11, found 66 percent against completely eliminating the state income tax.

That view held across the political spectrum with 59 percent of Republicans opposing the change, 74 percent of Democrats and 58 percent of Independents. Of those who voted for Donald Trump in the 2020 presidential election, 58 percent opposed the change. Among supporters of President Joe Biden, 76 percent were opposed.

“It’s something we saw across the board, across parties,” said Nida Allam, state director for SiX. “People want to see more investment within North Carolina communities. They don’t want to see corporate taxes being eliminated.”

Allam, who is also a Durham County Commissioner, said the polls shows North Carolinians realize the impact that could have on investment in public education, infrastructure and essential services.

TargetSmart, the firm that conducted the poll, has done similar surveys in Pennsylvania, Michigan and Minnesota. Ben Lazarus, the company’s director of research solutions, said the polling on this issue appears to be consistent across the states.

“It happens to be one of these rare circumstances where it’s really bad policy and really bad politics,” Lazarus said.

In North Carolina, Lazarus said, respondents strongly opposed cutting the corporate income tax whether they were told the annual five-billion-dollar cost or not.  Sixty-eight percent of respondents who were informed of the cost opposed it, as did 66 percent of those not given the information.

“The polling shows that people want to see that money put into schools, roads, a lot of other good things that help working people,” Lazarus said. “They don’t want to see corporate taxes cut.”

See the  poll results, including information about methodology, here.

 

Load More Related Articles
Load More By Joe Killian
Load More In State Budget

Top Stories from NCPW

  • News
  • Commentary

As states plan how they’ll spend the $25 billion remaining in federal COVID relief funds, some… [...]

North Carolina’s ranking as the best state in the nation to do business doesn’t square with… [...]

The forest lay still, save for the rustling of leaves of bamboo. It was in a clearing… [...]

Senate Judiciary Committee questions Todd Ishee before voting on his appointment later today. As state senators… [...]

January has been yet another warm month in North Carolina and across much of the rest… [...]

Read the story that inspired this John Cole cartoon. The post Emissions. appeared first on NC… [...]

The United States has averaged more than one mass shooting per day since January 2022, but… [...]

There are many factors that go into building and sustaining a strong and healthy democracy: free,… [...]

REPUBLISHING TERMS

You may republish this article online or in print under our Creative Commons license. You may not edit or shorten the text, you must attribute the article to The Pulse and you must include the author’s name in your republication.

If you have any questions, please email [email protected]

License

Creative Commons License AttributionCreative Commons Attribution
New poll: North Carolinians overwhelmingly oppose eliminating corporate income tax