Dale Jenkins’ June 15 Point of View piece on N.C. tax reform avoided some pertinent information. In 2012 Forbes magazine named North Carolina as having the third-best business climate in the country. Forbes ranked North Carolina second best in business costs and third best in regulatory environment.
The website of the former Progress Energy encouraged business to move here because of our “Low Business Costs.” Chiefexecutive.net gave North Carolina 4 out of 5 stars for taxation and regulation. CNBC named North Carolina as the fourth-best states for business in 2012. The Christian Science Monitor named us the fifth-best state for business on criteria that included taxes. Site Selection magazine’s list of the most competitive states named North Carolina as No. 5.
Where is this recognition acknowledged in GOP plans for tax reform? The Tax Foundation is promoting an agenda and using whatever it can come up with to do so. There is nothing wrong with business taxes in North Carolina. Remember: What is good for America is good for business. That does not mean that everything that is good for business is good for America.