From Carolina Journal Radio Program No. 674: Both Democratic candidates for U.S. president are pushing for a new investment tax on so-called “carried interest.” Patrick Gleason, director of state affairs at Americans for Tax Reform, explains why that idea would mean bad news for investors, the state’s government retirees, and economic growth.
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.