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Brian Balfour: More Jobs, Bigger Paychecks

December 21, 2012

North Carolina has the region's highest income tax burden, high unemployment, and slow personal income growth. The Civitas Institute in Raleigh, N.C., proposes ending the state's personal and corporate income taxes and franchise tax and replacing them with a consumption-based tax that research shows could boost employment and incomes. And politically, the timing could be right, says the Civitas Institute's Brian Balfour.