May 31, 2018

NC Budget and Tax Center: Corporations over Carolinians?

ITEP Work in Action

Big corporations and wealthy executive have been on quite a run. Corporate profits are at historic levels,[1] stock prices are through the roof, and plush executive pay has become the norm. At the same time, corporate taxes have been slashed both here in North Carolina starting in 2013 and last December at the federal level. Unfortunately, cutting corporate taxes did not address our most critical economic challenges, and continuing to cut taxes will only undercut our ability to invest in people and communities.

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