Category: Spending & Taxes

  • A Short Legislative Session Can Be An Effective One

    The 2016 legislative short session begins April 25. While continued uncertainty over congressional (and even legislative) district maps could cut into the General Assembly’s calendar, there are a number of moves our elected officials could make this year to highlight economic growth — fairer taxes, fewer barriers to building businesses,…

  • Resist Impulses on Budget Surplus

    As of January 31, state government had collected $12.1 billion in General Fund revenue and expended $11.2 billion on education, Medicaid, and other state programs since the beginning of the 2015-16 fiscal year. In other words, it ran a cash surplus of about $900 million. While state redistricting and…

  • Federal Grand Jury Indicts Couple Featured In CJ Tax Fraud Story

    A federal grand jury today indicted Walda Luna and Perfecto Ruano of Wallace for conspiracy to commit mail fraud by filing fraudulent tax returns, according to the U.S. Attorney’s Office for the Eastern District of North Carolina. The couple was featured last month in Carolina Journal after the Raleigh office…

  • N.C. couple faces $12 million tax fraud charges

    Rick Henderson documents N.C. couple's $12 million tax fraud charges; Steven Horwitz explains what Austrian economics says about families; legislators discuss long-term N.C. transportation funding needs; Charles Edwards urges legislators to focus on logistics; Jon Ham assesses media coverage of the 2016 presidential race.

  • Legislators May Boost ‘Zero Tax Bracket’ in Short Session

    Legislative leaders are floating a proposal to increase the standard deduction — or what Sen. Bob Rucho, R-Mecklenburg, calls the “zero bracket” — on North Carolina income taxes, a move that could eliminate state income taxes for tens of thousands of taxpayers. Barry Boardman, chief economist at the General Assembly,…

  • N.C. Cuts Save Taxpayers Billions

    Here’s a statement that North Carolinians of all political stripes can agree is a fact: Gov. Pat McCrory and the state legislature have enacted the largest tax cut in the history of North Carolina. Conservatives celebrate this fact. Liberals decry it. Since the GOP won control of the state legislature…

  • State: New Election Maps Would Cause Confusion, Add Costs

    If a three-judge federal court panel does not freeze its order to redraw a new congressional election map by Feb. 19 the result would be voter confusion, inability to protect the integrity of the electoral process, suppressed voter and candidate turnout, and more than $12 million of increased taxpayer expenses,…