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Results found for "corporate tax rate"


North Carolina’s Republican legislative leadership never met a tax they didn’t want to cut. Since taking control of state government in 2011, they have cut corporate tax rates from 6.9 percent to the current 2.0 percent.
Published: Sunday, October 26th, 2025 @ 6:07 pm By: Tom Campbell
North Carolina’s Republican legislative leadership never met a tax they didn’t want to cut. Since taking control of state government in 2011, they have cut corporate tax rates from 6.9 percent to the current 2.0 percent.
 
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
 
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans.
 
How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations.
How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations.
 
States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
 
North Carolina's corporate income tax currently stands at 3 percent, and it is scheduled to be reduced to 2.5 percent in January
North Carolina's corporate income tax currently stands at 3 percent, and it is scheduled to be reduced to 2.5 percent in January
 
Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
 
Gov. Roy Cooper unveiled a $24.5 billion state General Fund budget for 2018-19 that freezes scheduled drops in corporate and some personal income tax rates
Gov. Roy Cooper unveiled a $24.5 billion state General Fund budget for 2018-19 that freezes scheduled drops in corporate and some personal income tax rates
 
The ink is dry, but the howling from the Left continues. The 2017 tax reform law is in place and working as advertised - lower personal and corporate taxes, more money in the pockets of Americans, repatriation of billions of dollars of corporate profit, and an economy that will be robust
The ink is dry, but the howling from the Left continues. The 2017 tax reform law is in place and working as advertised - lower personal and corporate taxes, more money in the pockets of Americans, repatriation of billions of dollars of corporate profit, and an economy that will be robust
 
Since I and other Republicans gained control of the General Assembly in 2011, the Assembly has championed the philosophy of cutting taxes - thus a lower sales tax rate, personal income tax rate and corporate tax rate on North Carolina families and businesses, while raising the standard deduction for
Published: Thursday, February 1st, 2018 @ 3:07 pm By: Bill Cook
Since I and other Republicans gained control of the General Assembly in 2011, the Assembly has championed the philosophy of cutting taxes - thus a lower sales tax rate, personal income tax rate and corporate tax rate on North Carolina families and businesses, while raising the standard deduction for
 
President Donald J. Trump has delivered comprehensive tax cuts and reform to the American people, providing taxpayers and businesses with the tax relief they need
President Donald J. Trump has delivered comprehensive tax cuts and reform to the American people, providing taxpayers and businesses with the tax relief they need
 
Today, the Council of Economic Advisers released a report on the relationship between the corporate tax rate and GDP growth
Today, the Council of Economic Advisers released a report on the relationship between the corporate tax rate and GDP growth
 
Most economists agree that our corporate tax rate harms American workers by keeping their wages down.
Most economists agree that our corporate tax rate harms American workers by keeping their wages down.
 
"We must reduce the tax rate on American businesses so they keep jobs in America, create jobs in America, and compete for workers right here in America -- the America we love."
"We must reduce the tax rate on American businesses so they keep jobs in America, create jobs in America, and compete for workers right here in America -- the America we love."
 
Civitas Action has released its annual Conservative Effectiveness Rankings of North Carolina state lawmakers for 2016.
Civitas Action has released its annual Conservative Effectiveness Rankings of North Carolina state lawmakers for 2016.
 
By collecting $21.3 billion in General Fund revenues during the 2015-16 fiscal year, the corporate income tax rate will drop to 3 percent in January
By collecting $21.3 billion in General Fund revenues during the 2015-16 fiscal year, the corporate income tax rate will drop to 3 percent in January
 
In 2013, Governor Pat McCrory and the General Assembly instituted historic tax reform by reducing the personal income tax for all North Carolinians, reducing the corporate tax rate, and eliminating the death tax
In 2013, Governor Pat McCrory and the General Assembly instituted historic tax reform by reducing the personal income tax for all North Carolinians, reducing the corporate tax rate, and eliminating the death tax
 
A new round of tax cuts in the $21.735 billion state budget for 2015-16 may prevent the state from lowering the corporate income tax rate to 3 percent in 2017 because tax collections are projected to be $74.7 million lower than a revenue target set two years ago.
A new round of tax cuts in the $21.735 billion state budget for 2015-16 may prevent the state from lowering the corporate income tax rate to 3 percent in 2017 because tax collections are projected to be $74.7 million lower than a revenue target set two years ago.
 
Amid the uncertainty of state budget negotiations, one fact still holds: North Carolina's corporate tax rates will continue to drop, and those cuts will improve the state's standing in an index from the Tax Foundation in Washington, D.C., ranking state business climates.
Amid the uncertainty of state budget negotiations, one fact still holds: North Carolina's corporate tax rates will continue to drop, and those cuts will improve the state's standing in an index from the Tax Foundation in Washington, D.C., ranking state business climates.
 
The news that state revenue collections are coming in at $400 million above projections could signal a cut in the corporate tax rate for next year.
The news that state revenue collections are coming in at $400 million above projections could signal a cut in the corporate tax rate for next year.
 
Last week I reported that, based on this quote, the actions of the Governor and many state legislators in pushing new corporate welfare schemes were at odds with the Republican Party Platform. I was wrong. Shortly after my newsletter went out, I received an email telling me that, in the latest...

My Bad

 
Last week I reported that, based on this quote, the actions of the Governor and many state legislators in pushing new corporate welfare schemes were at odds with the Republican Party Platform. I was wrong. Shortly after my newsletter went out, I received an email telling me that, in the latest...
 
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
 
On the surface, it's heart-warming to hear statists celebrating the concept of patriotism.
On the surface, it's heart-warming to hear statists celebrating the concept of patriotism.
 
Senate leaders used a Tuesday press conference to announce their long-awaited tax proposal, a proposal that would lower personal and corporate income tax...
Senate leaders used a Tuesday press conference to announce their long-awaited tax proposal, a proposal that would lower personal and corporate income tax...
 
Lawmakers agree they want to lower personal and corporate income tax rates while expanding the tax base to include a wider range of sales and service taxes, but the devil is in tax reform details.
Published: Thursday, May 2nd, 2013 @ 11:42 pm By: Tom Campbell
Lawmakers agree they want to lower personal and corporate income tax rates while expanding the tax base to include a wider range of sales and service taxes, but the devil is in tax reform details.
 
Replacing North Carolina's existing income, corporate, sales, and estate taxes with a new consumed-income tax dubbed the USA Tax could generate 80,500 new jobs in the first year, while boosting the state's economy by $11.76 billion.
Replacing North Carolina's existing income, corporate, sales, and estate taxes with a new consumed-income tax dubbed the USA Tax could generate 80,500 new jobs in the first year, while boosting the state's economy by $11.76 billion.
 
North Carolina's corporate income tax violates basic principles of sound economic policy and open government.
North Carolina's corporate income tax violates basic principles of sound economic policy and open government.
 

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