NC Tax Proposal – On the Right Track

There is controversy from the McCrory administration over the recent tax reform proposal by Senate Republicans, yet the proposed changes are a step in the right direction.  Taxation on consumption rather than income is more efficient, and it creates the right incentives to earn and to locate a business in the state, but McCrory’s top budget officer has concerns.

 

Reforms are sometimes difficult, but eliminating the income tax would go a long way toward stimulating the North Carolina economy.

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