From Carolina Journal Program No. 765: Gov. Roy Cooper has decried Republican lawmakers’ “corporate giveaways,” meaning corporate tax rate cuts, while at the same touting targeted tax incentives that amount to real corporate giveaways. Donald Bryson, N.C. state director of Americans For Prosperity, spots the apparent contradiction. Bryson explains why his group is drawing attention to Cooper’s rhetoric on taxation of corporations.
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State forecasts $1.4 billion budget surplus
The North Carolina General Assembly's Fiscal Research Division projects that while inflation and interest rates are still up, the state will have $400 million over in collections in the current fiscal year and $1 billion additional revenue coming into the state coffers in FY 2024-25.