From Asheville Citizen Times
State legislators who say tax cuts adopted this decade have dramatically boosted North Carolina’s economy might have slept through a few sessions of Economics 101, comments from some who teach the subject suggest.
Income tax cuts have failed to fuel growth over the long haul nationally, and it’s even trickier to tie them to short- or long-term economic benefits on the state level, said Steve DeLoach, an economics professor in the Love School of Business at Elon University.
Tax cut supporters will dispute that, but there is little debate the issue is an important one, especially now.
Find the original article here.