North Carolina voters need to be paying close attention when the two major party candidates for governor talk taxes and tax reform.
Whether you listen or not, who is elected and how state tax policy may be revised next year will affect your pocketbook in the future.
Republican Pat McCrory has said that he wants to lower corporate and personal income taxes in North Carolina, with an eventual goal of eliminating them. He hasn’t said how he will make up for the lost revenue. Democrat Walter Dalton isn’t pushing major tax reform. He proposes some specific tax breaks that carry a small price tag.
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