From Carolina Journal Radio Program No. 732: A proposed federal border-adjustment tax could boost N.C. property-casualty insurance premiums by $800 million over a decade. That’s the key finding in a new report from the John Locke Foundation and R Street Institute. Report co-author Lawrence Powell of the Alabama Center for Insurance Information and Research at the University of Alabama explains why North Carolina would be especially susceptible to higher costs associated with a tax that could raise the cost of reinsurance from companies based outside the United States.
NC lawmakers could boost Opportunity Scholarship funding in short session
Leaders in the General Assembly say they are in discussions over whether to boost funding for the Opportunity Scholarship Program due to surging demand.