News
Study: Raleigh, Charlotte strong contenders for MLB team
A new study from NC State analyzes ten potential cities for an MLB team, with Raleigh and Charlotte among the top contenders.
Opinion
Three factors could limit our growth
Convincing out-of-state businesses to relocate or add new facilities here is wonderful. But startups make economies more resilient.
Opinion
Lower taxes do attract key leaders
When Democrats attack pro-growth tax reform as “trickle-down economics,” I can understand their rhetorical intent. But the charge is silly on multiple levels — including the fact that every Democrat who ever serves in state or local office spends much time and effort trying to recruit business executives, entrepreneurs, investors, and professionals to their communities....
Opinion
Just say no to the Biden – Buttigieg mileage tax scheme
North Carolina, per-capita, is one of the most rural states in the country and would be disproportionally impacted by a new mileage tax scheme.
Opinion
Picking winners is for losers
States with lower overall tax rates tend to make less use of targeted incentives. Those states also happen to grow faster than the desperate high-tax states throwing huge incentive grants around.
Opinion
Lower taxes attract key leaders
When Democrats attack pro-growth tax reform as “trickle-down economics,” I can understand their rhetorical intent. But the charge is silly on multiple levels — including the fact that every Democrat who ever serves in state or local office spends great time and effort to try to recruit business executives, entrepreneurs, investors, and high-value professionals to...
Opinion
State shouldn’t play favorites
Making North Carolina a more attractive place to live, work, shop, invest, and create businesses must be a high priority. But secret deals and preferential treatment are the wrong tools for the job.
Opinion
Selective tax breaks are unwise
If Gov. Roy Cooper truly believes North Carolina’s tax burden is too low, shouldn’t he stop making incentive deals?
News
Film tax credit provision kills proposed franchise tax cut
A corporate tax cut expected to pass at the end of the General Assembly’s session surprisingly wound up on the cutting room floor. The House Finance Committee killed a franchise tax reduction bill Wednesday, Oct. 30, even though Republicans, who hold the majority, previously supported it. The bill was complicated by an unrelated provision added...
News
Insurance premiums could rise if Cooper keeps denying tax credits
North Carolina life insurance customers may pay higher premiums unless the Cooper administration reverses course on renewable-energy tax credits. That’s what the American Council of Life Insurers said in an Aug. 28 letter to Ronald Penny, Gov. Roy Cooper’s revenue secretary. ACLI regional Vice President Curtis Leonard said the Department of Revenue’s September 2018 decision...
News
Is Cooper’s revenue department rejecting legitimate tax credits?
Gov. Roy Cooper, an advocate for renewable energy whose family leases land for solar farms, is denying tax credits for solar energy investments. Investors could lose as much as $500 million they were expecting from the state, one tax lawyer told Carolina Journal. Cooper’s Department of Revenue is basing the decision on a faulty interpretation...
News
NCSU study shows tax incentives harm state’s economy
The economic costs of corporate tax incentives outweigh their benefits, a new study by N.C. State University researchers says. The study focused on three types of tax incentives — investment or job creation tax credits, property tax abatements, and research and development tax credits. Though perhaps the best known incentive, job creation or investment...
