Big business and small business have different views on whether changes to personal income taxes or corporate taxes should be part of the effort to address the so called “fiscal cliff.”

The issue is that some businesses that declare their business income through their personal income taxes face the possibility of higher tax rates on top tiers of personal income. Meanwhile, big corporations would be unaffected by the higher tax rates since they pay corporate income taxes, not personal.  Those corporations support lowering the corporate tax rate.

Read the entire story here.

Claim: “The best incentive for new jobs in North Carolina ... is not to have the highest sales tax, the highest corporate tax and the highest income tax in the Southeast, which is what we have right now.”

Speaker: Pat McCrory

Context: McCrory compares North Carolina’s tax rates to its peers as part of his pitch to make the state more competitive and business-friendly. We will look at just the tax rates here.