Three Truths of Tax Reform: Senate, House plans would spur growth, create jobs | Eastern NC Now

    This post, by John Hood, originally appeared in the John Locke Foundation's online publication.

    • The House and Senate tax bills now under discussion in the General Assembly would constitute fundamental tax reform, not just a (welcome) cut in state taxes for most households.

    • The impact of the House and Senate tax plans on future revenue growth will not prevent state government from funding core public services such as public schools and universities.

    • There is strong empirical support for the idea that reforming and reducing state taxes as the House and Senate propose will increase job creation and economic growth.

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