Yes, government can be shrunk
Here in North Carolina, conservative governance has actually reduced the size of state government and significantly improved its fiscal condition.
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Category: Taxes and Budget
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Locke’s Terry Stoops analyzes Leandro’s impact on N.C. budget deal
Dr. Terry Stoops, director of the Center for Effective Education at the John Locke Foundation, discusses the Leandro school funding lawsuit’s impact on the N.C. budget. Learn more here: “Cooper must decide if the Leandro plan is a state budget deal-breaker.”…
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Folwell joins 24 state treasurers in opposing provision to expand IRS
N.C. State Treasurer Dale Folwell has joined 24 state treasurers in signing a letter opposing a portion of national Democrats’ $3.5-trillion budget reconciliation bill that would expand the power of the Internal Revenue Service. The proposed legislation — backed by the Biden administration — would give the IRS new…
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N.C. has run up less taxpayer debt than most states, financial watchdog says
One of the nation’s leading financial watchdogs says North Carolina has fared better than most states in terms of balancing its budget, but the picture isn’t all rosy as the state has an average debt burden of $1,400 per taxpayer. In its annual…
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Tax Relief That Addresses Revenue Concerns Is Something North Carolina Lawmakers Have Done Before And Can Do Again
If state legislators can convince Gov. Roy Cooper to support the new budget, North Carolina will become the 13th state to enact a personal income tax cut this year, the third signed into law by a Democratic governor. That personal income tax cut is expected to be included in the…
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Drive for N.C. sports betting bill stalls in House
The N.C. Senate bill that would legalize sports betting on phones and at various venues is stuck in the House, and it may not see action until next year’s session. Senate Bill 688 passed the Senate by a 26-21 vote on Aug. 19.
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Locke’s Terry Stoops discusses N.C. education budget highlights
Dr. Terry Stoops, director of the Center for Effective Education at the John Locke Foundation, discusses key elements of the N.C. House and Senate education budgets. Stoops offered these comments during the Aug. 18, 2021, edition of Spectrum News 1’s “Capital Tonight.”…
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House, Senate budgets fund components of Leandro, but critics still unhappy
Budgets passed with bipartisan support in both chambers of the General Assembly fund a number of provisions in the ongoing Leandro school funding legal case, but critics still contend the money falls short of the mark. The House version of the…
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Locke’s Brian Balfour challenges ability-to-pay principle in taxation
Brian Balfour, senior vice president of research at the John Locke Foundation, discusses problems associated with the ability-to-pay principle in taxation. Learn more here: “Why the ‘ability to pay principle’ to justify progressive taxation fails.”…
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Carolina Journal’s Ray Nothstine labels N.C. Senate tax plan superior to House proposal
Ray Nothstine, Carolina Journal opinion editor, explains why prefers the N.C. Senate’s tax proposal to the plan put forward in the state House. Learn more here: “N.C. Senate tax plan is superior to House alternative.”…