Hoffman lobbies for tax cuts
Wayne Hoffman, president of the Idaho Freedom Foundation, called for cutting taxes, telling lawmakers on the Tax Working Group that North Carolina got good results when it cut its top individual income tax rate from 7.75 percent to 5.75 percent and its corporate rate from 6.9 percent to 5 percent. “The economy in North Carolina is in high gear and tax policy is helping drive that,” Hoffman said. Hoffman called for removing Idaho’s sales tax from groceries, saying only 14 states tax groceries. He also recommended eliminating “special-interest tax breaks” and “market-manipulative tax incentives and handouts,” and lowering overall rates, and said Idaho should spend less/Betsy Russell, Eye on Boise. More here.
Thoughts?