An End to Business Incentives

The tax breaks that state and local governments give to businesses have been highly controversial but also highly successful in creating new jobs in North Carolina. After this week, the tax breaks may also be a thing of the past. The Supreme Court is hearing a case that argues the tax incentives are unconstitutional. If the Court agrees, it would be a big blow to North Carolina, who has used the incentives to lure growth to the area. In fact, the new growth is one reason that the state has been able to recover from the downfall of the textile, manufacturing, and tobacco industries. There is a good article about the issue on CNN, but everything that know up to this point can become moot once the Court hears the case this week.