Yep, it’s always a mystery to local elected officials and the governor, but cutting taxes CAN create jobs without stimulus or special favoritism or baseball stadiums. The John Locke Foundation has a study showing that over ten thousand jobs could be created by making some fairly simple changes in the tax code.
The tax changes would provide a powerful stimulus to the North Carolina economy. Employment would increase by 14,922 in 2012, and when fully implemented in 2013 would create 17,016 by leaving more money in the hands of the state’s households and businesses. The combination of individual income tax and sales tax changes would increase real disposable income by $1.1 billion in 2012 and $1.6 billion in 2013.
You can find the entire report here, worth a read and definitely worth talking about.
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