Tax cuts for big, profitable corporations and the wealthy have proven to be the wrong choice for North Carolina.
Despite mounting evidence that the 2013 tax plan is holding the state back from critical investments that will strengthen economic opportunity and the economy for the future, policymakers passed another round of tax cuts in 2015. Here are five reasons why the tax-cut plan in the final budget will harm North Carolina’s competitive position.
Tax cuts aren’t the tool North Carolina needs to build an economy that works for everyone. Check out our Policy Basic on this topic and our MINI-TOOLKIT on taxes that provides an overview of the analyses and tools that the Budget & Tax Center has developed to document the harm of the 2013 tax plan.
For more background on the 2013 tax plan, click here.