John Locke Foundation President John Hood analyzes N.C. tax reform proposals. Hood offered these comments during the Jan. 28, 2013, edition of News 14 Carolina’s Capital Tonight.
Greensboro should take 1% prepared-food tax off the menu
In her recent State of the City address for 2024, Mayor Nancy Vaughn of Greensboro put forward a bold proposal: a citywide 1% prepared-food tax. The rationale behind this initiative, according to Vaughn, is to inject much-needed revenue into the community, with estimates suggesting a minimum influx of $20 million. While on the surface, this...