News

Energy Debate Needs To Factor In Both Subsidies and Penalties

RALEIGH — The ongoing debate over subsidies for traditional versus renewable energy sources offers an incomplete picture. A new John Locke Foundation Spotlight report urges advocates on both sides of the debate to fill in the gaps by factoring in penalties along with subsidies. Energy subsidies include more than just direct government transfers and tax breaks, said study author Roy Cordato, JLF’s vice president for research and resident scholar.

CJ Staff

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Opinion

Tax Reform Should Honor First Principles

RALEIGH — The General Assembly's Joint Finance Committee on Tax Reform has focused almost exclusively on reforming North Carolina's sales tax. Primarily this has meant extending the current sales tax, which applies only to goods, to services including haircuts and lawn and automotive care.

Dr. Roy Cordato
News

Report: NC Not Low in Business Taxes

RALEIGH — A study released several weeks ago by an accounting firm and recently touted by North Carolina politicians as evidence of the state’s attractiveness to business is fundamentally flawed and offers little useful information to policymakers considering tax changes, according to a new report published today by the John Locke Foundation. Small businesses, Cordato wrote, are particularly affected by the taxes left out of the study, and account for about half of employment in North Carolina and have generated 80 percent of net job growth in recent years.

CJ Staff