Tax Reform: Paving The Way Back To Prosperity

From the Triangle Business Journal:

Brent Lane, director of UNC’s Carolina Center for Competitive Economies, says tax reform legislation agreed to by leaders of both houses of the General Assembly and Gov. Pat McCrory benefits both individuals and businesses.

By changing elements such as what he calls an “uncompetitive” and “inefficient” 6.9 percent corporate tax rate, the bill paves the way for large businesses that might otherwise look to operate in other states to come to North Carolina without significantly detracting from the state’s revenue, he says.

Others are reacting to the announced tax reform deal as well. You can find reaction from The Weekly Standard and Forbes here. 

JLF’s Sarah Curry, director of fiscal policy studies, analyzes the changes to the personal income tax rate here, and to the sales tax here.