Winston-Salem Journal: Advocacy group to campaign for NC tax reform
RALEIGH, N.C. (AP) — Conservative political group Americans for Prosperity announced Tuesday a $500,000 marketing and advocacy campaign to push tax reform through the North Carolina General Assembly.
The group’s North Carolina chapter will lead an effort that includes town hall meetings, grassroots organizing and advertising. The effort is meant to encourage action on a Depression-era tax code that ranks the state among the highest regionally in corporate and income taxes, said Dallas Woodhouse, state director.
Legislators from both parties have long talked about reforming the state’s outdated tax code to make it more competitive.
The only comprehensive tax overhaul unveiled so far this session would lower both corporate and individual income tax rates to 6 percent. The combined local and state sales tax that most consumers pay would fall from 6.75 percent to 6.5 percent but would expand to new services that were previously exempted.
North Carolina’s corporate rate of 6.9 percent and top individual rate of 7.75 percent rank among the highest in the Southeast.
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