Recognizing that cutting taxes encourages investment and creates jobs the North Carolina legislature lowered taxes… I can't go on and not laugh. The above is a headline you won't won't soon see about any of the taxes that would truly help the economy. It is true for a few politically connected industries. And therein lies the rub.
By voting for "targeted" tax cuts legislators are agreeing that lowering taxes encourages investment and JOBS. But when it comes to the rest of us, and that includes business that is not politically connected, it means higher taxes not lower taxes.
Since they obviously agree that lower taxes are good for some, why can't they see the foolishness of raising taxes for the rest. Of course it could be that legislators like an unemployment rate above 11%.