SALES TAX REFORM NEEDED FOR RURAL ECONOMY
New numbers show North Carolina’s economy is going in the right direction. Tax reduction and fiscal discipline is working to help business owners create jobs twenty percent faster than the national average.
South By North Strategies explains ”Between April 2014 and April 2015, unemployment rates fell in 95 of North Carolina’s 100 counties and in all 15 of the state’s metropolitan areas.”
Employment grew by 106,000 in the last year. And the Labor force expanded as more people looked for jobs in a better economy. But growth is still tilted toward urban counties. (South by North Strategies)
That’s why conservative reformers in the Senate want to change sales tax revenue distribution to base it on county population instead of the amount of shopping in a county. This reform will give rural areas resources to improve their infrastructure for jobs. It’s time to get our economy going everywhere.