Rucho, one of the legislature's leading voices on tax policy, argues the state needs to raise more revenue with taxes akin to HDL cholesterol, which helps keeps the arteries of commerce clear and cash flowing through the economy. "If you want to achieve economic growth, you want to pick the best taxes that will allow you to grow your economy," Rucho said.
As I've mentioned before, 74% of NC businesses employ 10 people or less. The vast majority of those (truly) small businesses provide services (as opposed to products), such as landscaping, HVAC repair, haircuts, etc. And they're now coming into the crosshairs of Republicans like Rucho who want to ease the tax burden on their wealthy patrons.
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