by Mitch Kokai
Senior Political Analyst, John Locke Foundation
Your correspondent advised you Thursday that “UNC’s Lane touts N.C.’s tax reform plan,” a characterization based on a brief item from the Triangle Business Journal.
The subject of that blog entry responded with an email under the subject line “Touts?”
I don’t get accused of touting very often, but it was nice to have something positive to say (for a change). … I do differentiate between the positive effects the tax changes will make on economic development recruiting vs. a less certain effect in the overall economy. The tax changes are consistent with my past recommendations, especially regarding ineffective tax incentives. My point with legislators has been to dissuade them with thinking tax reform was a sufficient solution for our economic ills.
I will be anxious to see if the existing sunsets of tax credits remain in place. Its important to do the right things … and more important to stop doing the wrong things.