Says here that Mayor Anthony Foxx will head up a “task force” on small business for the U.S. Conference of Mayors. More:
In his new role, Foxx will serve as a voice for small business on a national level. … “Our local and national recovery, particularly a jobs recovery, is dependent upon the ability of small businesses to grow jobs,” Foxx says. “We’re doing things in Charlotte that can be replicated elsewhere.”
Foxx says he will use his position to advocate for a small-business tax credit as an incentive to attract private capital.
Hmmm. Why not advocate for a cut in North Carolina’s sky-high top marginal income tax rate to allow small businessmen and women to keep more of their own private capital? Isn’t that more rational that taxing money away, creating a government capital micromanagement program, pick winners-and-losers, hand some of the money back to government-approved ventures, and call that private capital?
Oh, and any chance that the the mayor’s employers at DesignLine would be eligible to be on the winning end of a such a tax credit?
