State Treasurer Janet Cowell reportedly is endorsing tax reform. From the News & Observer:
The General Assembly should look at eliminating various exemptions and credits, while reducing the overall corporate, personal and sales tax rates by a target of 1 percent each, she said. In some cases, reform could involve increasing taxes on things such as entertainment and personal services.
“Each of us would have to sacrifice if we were to move to this plan,” she said at the Greater Raleigh Chamber of Commerce’s economic forecast forum.
Those interested in real tax reform should start here.
