JLF expert urges repeal of "deceptive​, dishonest" corporate income tax

NC State should repeal deceptive, dishonest corporate income tax--JLF expert says exemptions help politicians manipulate economy


Click here to view and here to listen to Dr. Roy Cordato discussing this Spotlight report.
RALEIGH -- North Carolina should scrap its "hidden, dishonest, deceptive" corporate income tax. That's the conclusion of a new John Locke Foundation Spotlight report. "State lawmakers have talked about reforming the corporate income tax and lowering its rate, but the tax's corrupting features will remain as long as the tax remains," said report author Dr. Roy Cordato, John Locke Foundation Vice President for Research and Resident Scholar. "This tax needs to be repealed, not reformed. It violates all basic principles of sound economic policy and open government."