Opinion
States always compete for leaders
In every economic system that has ever existed, there are always some human beings whose decisions have a larger effect than the decisions of other individuals.
Opinion
Reform would boost N.C. incomes
A new study projects that federal tax reform would lead to more than 29,000 net new jobs in North Carolina as well as an average income gain of about $2,400 for a middle-income family.
News
Tax reforms will remove nearly a quarter-million from income tax rolls, memo says
UPDATE, July 21, 11:50 a.m. New projections from the Department of Revenue estimate 241,536 more people will fall into the “zero-tax bracket” in 2019, according to a press release issued Friday by House Speaker Tim Moore. This is higher than the Fiscal Research Division’s first prediction. State income tax reforms have removed thousands of North Carolinians from the...
Opinion
Don’t fear a robot invasion
Claims that machines will displace workers and lead to stagnation, poverty, and social unrest have been made for centuries, despite the fact that they always turn out to be wrong.
News
Look for more tax reform in 2017
As legislative Republicans return to Raleigh, additional tax reforms will be on their agenda. The 2017 session opens in earnest Wednesday, and the leaders of the House and Senate have said they want to continue the pace of tax reform, including lowering personal income taxes and spreading the sales tax base across more areas. Precise...
News
2017 session opens Wednesday, but real work starts later
The 2017 long session of the General Assembly starts Wednesday, and the first day is likely to be more ceremonial than substantive. Once members are sworn in and leaders in the House and Senate are elected, lawmakers will head home. They return Jan. 25 to get to work in earnest. Lt. Gov. Dan Forest will gavel...
News
Growing tax collections trigger corporate rate cut
By collecting $21.3 billion in General Fund revenues during the 2015-16 fiscal year, the corporate income tax rate will drop to 3 percent in January. That trigger was included in the budget that was adopted in September 2015. “Even in an environment of historic tax cuts saving taxpayers more than $4.4 billion over five years,...
Podcast
Transforming N.C. By Reforming Tax Rates & Rules
Roy Cordato on NC's historic tax reform; John Taylor on key principles that lead to growth; Jeff Tarte on opposition to I-77 toll lanes; Brenda Berg on BEST NC's work to improve public schools; Lindalyn Kakadelis on NC's virtual learning options
News
Rucho: Lawmakers Not Done With Tax Reform
RALEIGH — North Carolina residents could receive a larger personal income tax exemption if the General Assembly’s 2016 short session follows the lead of state Sen. Bob Rucho, R-Mecklenburg, who has led the Senate’s tax reform efforts since 2011, when Republicans took control of that body.
Podcast
N.C. Surges From 44 To 15 On Tax Foundation List
Becki Gray on impact of tax reform on NC; Michael Bitzer, Mark Nance, Grier Martin & Paul Stam on redistricting; Richard Hudson on pausing flow of Syrian refugees; Gilbert Gaul on the business of college football; Terry Stoops on replacing poor principals
Opinion
Reforms Are Producing Results
A new report from the Tax Foundation shows how lower, simpler taxes have improved North Carolina's standing among other states and helped families and business owners in the state.
News
Budget Deal Includes New Round of Tax Reform
RALEIGH — State taxpayers will pay $400 million less over the next two years if lawmakers pass a $21.735 billion state budget deal announced Monday by legislative leaders. The 2016-17 state budget also expands the sales tax base to include more repair and service work to help offset the tax rate reductions. The bill cuts the personal income tax rate to 5.499 percent beginning in 2017.
