Cutting Through the Political Spin on Tax Incentives | Eastern North Carolina Now

Publisher's note: This post, by Ray Nothstine, was originally published in Civitas's online edition.

    Credit to Gov. Roy Cooper for finding a way to finagle what should fundamentally be an issue about fairness for his advantage. Of course, I'm speaking of those unfair tax incentives and Cooper's support for them. By doing this, Cooper can still play the class warfare game and gin up his base by saying he's against across the board corporate tax cuts. It's politically expedient for a lot of politicians, not just Democrats. Republicans or even those who proclaim to be conservative are often just as guilty. Politicians love their ribbon-cutting ceremonies and taking credit for jobs and economic growth. And in our culture today when one hears the word "corporate tax cuts" they often shrivel up and shriek. Perhaps for them, "targeted tax cuts" seem safer, more controlled and managed by the government. "It must be fair if the government is overseeing it," they reason. Broad corporate tax cuts conjure up images of fat cats smoking cigars in luxury suites basking in their profits. That kind of image seers the mind of the economically uninformed.

    However, when one thinks about corporate tax cuts for all they should think about fairness first. Fairness for the entrepreneur who is out their taking risks with their own capital. Fairness in being hired by a company where your own government is not working against you and your livelihood. Big corporations shouldn't ever collude with and be given advantages from the government to have a leg up or even stomp out the competition.

    I recently spoke with Joe Catenacci on his radio show over in Wilminton and my big take away on this issue was a simple one: "When it comes to film subsidies or unfair tax incentives in general, I think it all comes down whether you trust the free market or the government to best grow the economy and create jobs."

    The government by perpetuating these tax incentives is, in essence, admitting that a lower tax climate is superior for job and overall economic growth. The government should make low taxes beneficial for all and stop picking winners and losers. This is the best way to grow the economy and advance our state. If I was looking into starting a business, I'd want to be in a state that gives me that best opportunity and is not colluding with another business so I and my employees are at a disadvantage.

    By the way, a few days after Cooper's tweet above he announced that Microsoft is coming to Charlotte and is eligible for almost $8 million in tax incentives. It seems like a lot of doublespeak to me.

    Civitas will always champion this issue because it's a basic one of fairness in the market and standing up for the taxpayers across the state.
Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

Court Approves Remedial Legislative Maps Civitas Institute, Editorials, Op-Ed & Politics Wake County Republicans Call for Civility in Personal Facebook Attacks


Latest Op-Ed & Politics

Haley wants big corporations to dictate immigration policy
Local woman Kelly Reese somehow remained completely unmoved today despite her husband Tom reciting every single word from the Lord of The Rings movies from memory.
The mezuzah attached to the front door frame of our house has a little rolled scroll inside that has been blessed by a Rabbi.
A lawyer representing former President Donald Trump told Daily Wire Editor Emeritus Ben Shapiro that Justice Department special investigator Jack Smith was putting the American justice system in jeopardy after he brought another indictment against Trump.
State Supreme Court justices split on a decision to vacate a Court of Appeals ruling addressing a media outlet's "fair report privilege." The decision prompted commentary from four of the court's seven justices.
After announcing major budget cuts to the city’s police force and Education Department last week, New York City Democratic Mayor Eric Adams blamed the federal government for leaving him with no choice but to strip money away from New Yorkers to deal with the illegal immigration crisis.
A local Chick-fil-A ground to a halt Wednesday after an employee accidentally told another employee, "My pleasure." As a result, the pair of employees became trapped in an endless loop of "my pleasure" with no end in sight.


The Iranian-backed terrorist group Hezbollah reportedly caused “heavy damage” to an Israeli military base on Monday after it launched a rocket and drone attack at the army base.
The state Supreme Court has agreed to hear a New Bern eye surgeon's legal challenge against North Carolina's certificate-of-need law.
There were no survivors on Kfar Aza's street of nightmares, where evidence remains as proof of Hamas atrocities
proposed legislation would provide 10 year prison sentence, huge fines
maybe THEY should all be prosecuted under RICO for election interference
Candidate filing began today and will continue through noon on December 15th.
A new peer-reviewed thesis has made a compelling argument that the Apostle Thomas only believed that Jesus Christ had risen from the dead after seeing Jesus's face miraculously appear on his slice of toast one morning.
Yemeni Houthi terrorists released a video on Monday showing their fighters jumping off of a helicopter onto a massive 620-foot cargo ship in the Red Sea.


Back to Top