Got to pick a pocket?
Combating poverty means improving education, strengthening families, and encouraging the entrepreneurship that leads to job creation and income growth.
A political coup in North Carolina? That seems to be the suggestion of a WRAL editorial published on June 24. It bemoans the fact that state legislators aren’t spending enough money on public education. Here’s an excerpt from the editorial, which labeled the state Senate budget a “manifesto of mediocrity”: “It is an invitation to...
Recent op-eds and editorials from the News & Observer have lambasted the state legislature’s plan to use a budget surplus to cut taxes. Similarly, Patrick Conway, an economics professor at UNC-Chapel Hill, and Wesley Harris, an economist and a Democratic member of the state House of Representatives recently argued that the Republicans have neglected more...
While many will discuss the economic prevalence of socialist ideas among the youth of our society, the socialist grip on our culture is perhaps neglected. Socialism manifests in various ways in our everyday lives, even when we’re not talking about the economy. The upcoming generation of mothers, fathers, coworkers, neighbors, and leaders is alarmingly marked...
A year ago, in the midst of the pandemic, all hands were wringing about shortages – shortages of food, everyday essentials, salaries, and government revenues. State budget experts were expecting revenue shortfalls of between 5% and 10%. Massive layoffs of state workers were possible, even possibly reaching into the ranks of university professors. Now, a...
BACKGROUND On January 21, 2018, the federal corporate income tax rate dropped from 35% to 21%. The corporate income tax rate in North Carolina fell to 2.5% in 2019. As recently as 2011, the North Carolina corporate income tax rate was 6.9%. This article explains the reasons for these reductions. Governor Roy Cooper always equates...
In the introduction to “Paul Revere’s Ride” by the historian David Hackett Fischer, he notes that “The only creature less fashionable in academia than the stereotypical ‘dead white male,’ is the dead white male on horseback.” It was an almost amusing line when Fischer wrote it in the mid-1990s, but now the lack of appreciation...
This week the Senate leadership presented the chamber’s state budget proposal. After a day or two of social media reaction and topline numbers, it’s time for a real look at what this contains before it runs the legislative gauntlet. A theme runs through this budget: Fix what’s broken, maintain what we know is working, and...
Each of the practical options for bring Social Security costs in line with revenues will make a large bloc of voters angry.