Hood’s logic faulty on tax decline, job growth
Once again readers of The Daily Advance are subjected to the questionable reasoning of columnist John Hood. In his Monday, Dec. 3 column, “New employment figures give liberals a reality check,” he notes that from June 2011 to October of this year North Carolina employment grew by 4.4 percent while U.S. employment grew only 3.8 percent. This fact is offered as evidence supporting the fiscally conservative policies of the North Carolina Legislature, including allowing the sales tax rate to decline by 1 percent. This decision required even more significant cuts to state government spending to deal with the state’s fiscal issues.
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