Critics of recent conservative tax reforms ignore provisions that ensure high-income earners pay more.
Eliminating special breaks and lowering marginal tax rates for everyone constitute sound tax reform by any reasonable definition. It’s also good for business.
Those who want “the rich” to pay “more” ignore the facts that show how much more high-income earners would pay than low-income earners, even with a flat-rate tax.
Does state tax policy affect state economic growth? Fiscal conservatives tend to say yes. Fiscal liberals tend to say no.
To the extent Gov. McCrory and state lawmakers can reform the state tax code, North Carolina’s economy will likely show immediate, significant improvement.
The key to unlocking the tax-reform door is to recognize that it isn’t really all about marginal tax rates.
No one should confuse tax rate comparisons with the amount of tax people actually pay.
If Perdue has her way, the public schools will spend about $7,747 per pupil on operating expenses. If the Republicans have their way, the per-pupil figure will be about $7,459.
North Carolina has lagged the rest of the Southeast and often the rest of the country on a variety of key indicators.
Taxpayers with misconceptions about the current tax structure will have a hard time judging the merits of proposed reforms.
One of the greatest impediments to economic development in North Carolina is the clout of the economic developers.
