JLF Tax Reform Proposal Could Generate 80,500 Jobs in First Year
RALEIGH — Replacing North Carolina's existing income, corporate, sales, and estate taxes with a new consumed-income tax dubbed the USA Tax could generate 80,500 new jobs in the first year, while boosting the state's economy by $11.76 billion. Those numbers are based on an outside analysis of tax reform proposals included in the John Locke Foundation's new book, First in Freedom: Transforming Ideas Into Consequences for North Carolina. JLF is releasing the book as new North Carolina Gov. Pat McCrory and a Republican-led General Assembly turn their attention to potential tax reforms.