Repealing North Carolina’s Corporate Tax is an Even Worse Idea Than You Think

Repealing North Carolina’s Corporate Tax is an Even Worse Idea Than You Think

Last month, thousands of North Carolinians showed up at “Kids Over Corporations” rallies to protest the barrage of corporate tax cuts that have helped land the state in the unenviable position of ranking last in the nation for public school funding. North Carolina’s corporate tax rate has been cut seven times since 2013, and two final rounds of cuts are scheduled to eliminate the tax entirely by 2030. By all accounts, this is not what the public…