Published in the Raleigh News & Observer Monday, December 8, 2014
The Dec. 4 editorial “ Final scene” piqued my interest in the Editorial Board’s thoughts on tax cuts.
This editorial bemoans recent cuts to the state’s film subsidy program from $69 million in 2012 to $10 million in 2015. The program was designed to lower the tax burden of film production companies by providing rebates on sales taxes they pay during production in North Carolina. In a nutshell, it lowers the tax burden for film companies.
The editorial went to great length to discuss the economic benefits of a program that lowers taxes for certain companies. I propose that the same logic applies to all companies. If the governor and General Assembly lowered the tax burden on the state as a whole, jobs would be created across multiple industries.
By limiting tax breaks to special industries, our state government keeps the tax burden artificially inflated, and it allows politicians to pick which businesses benefit.
If the Editorial Board agrees that lowering the tax burden on businesses has economic benefit, I have a difficult time reconciling its attacks on the tax reforms of 2013.
North Carolina State Director, Americans for Prosperity, Garner