When it Comes to Jobs: Voters Favor Corporate Income Tax Cuts over more Spending
June 22, 2018
FOR IMMEDIATE RELEASE
This result from the June Civitas Poll is good news for those who favor less government and continued job growth. More North Carolinians think cuts to the corporate income tax is a better prescription for job growth than more government spending. The results are good for free-market advocates and not a real impressive look for Kenynesian economic principles in the Old North State.
North Carolina’s corporate income tax rate is 3 percent now and slated to drop to 2.5 percent next year. Forty-four states have a corporate income tax rate and North Carolina’s is the lowest. Iowa’s is the highest with a ceiling of 12 percent. The vast majority of state revenue does not come from corporate income taxes. The average contribution to the general revenue fund for states levying a corporate income tax is only 2.6 percent according to the Tax Foundation.
The full results of the poll can be found here.
The crosstabs for the poll can be found here.
For questions, or to arrange an interview, please contact Brooke Medina, communications director, at bmedina@nccivitas.org.
Civitas has conducted live-caller voting in North Carolina since May 2005, and we are the only public policy organization offering statewide independent, nonpartisan data on a regular basis. Our polls have provided vital insights on what North Carolina voters think of the leaders and issues facing the state and nation.
Founded in 2005, the Civitas Institute is a Raleigh, NC-based, 501(c)(3) nonprofit policy organization committed to advancing conservative ideas and shrinking the size of government. Civitas fights to eliminate government barriers to freedom so that North Carolinians can live a better life.
