RALEIGH — It’s unlikely Congress will take major steps in the next year to reform the federal tax code or the Affordable Care Act. That’s the assessment from a leader of the National Taxpayers Union. He shared his analysis Monday with the John Locke Foundation's Shaftesbury Society.
North Carolinians have worked long enough now to pay their federal, state, and local tax bills. Now they can work the rest of the year to pay for food, housing, electricity, and other bills.
RALEIGH — N.C. Senate leaders are touting a new plan to lower corporate tax rates, use the so-called “single sales factor” for calculating corporate taxes, create a new targeted incentive for large-scale manufacturers, and tweak existing targeted incentive programs. Senate President Pro Tem Phil Berger, R-Rockingham, led a Wednesday afternoon news conference unveiling the plan.
Government needs tax revenue, but officials need to remember that excessive tax rates can stunt the economic growth that produces that revenue.
Rick Henderson on voter enthusiasm; lawmakers debate limits for local sales-tax rates, look at the driver's license renewal process & disagree over license-plate reading cameras; Sarah Curry on why legislators should repeal the electronic cigarette tax.
RALEIGH — Taxpayers in every income category will save tens of millions of dollars because of state tax reforms enacted in North Carolina in 2013. In addition to benefits for every income group from last year’s reforms, the conservative-led N.C. General Assembly is also responsible for a 2011 states sales tax rate reduction. Combine the 2011 and 2013 reforms, and lower- and middle-income households will enjoy annual savings of $682 million. Dr. Roy Cordato, John Locke Foundation vice president for research and resident scholar, discussed a report on the impact of recent state tax reforms with Donna Martinez for Carolina Journal Radio.
A proposal in the N.C. General Assembly violates basic principles of economic efficiency, individual liberty, social equity, and government transparency.
RALEIGH — The past quarter-century of academic scholarship suggests state and local officials can promote economic growth by keeping overall tax and regulatory burdens as low as possible, investing effectively in public safety and the courts, and increasing productivity of spending on infrastructure and education. John Locke Foundation President John Hood highlights those three recommendations in a new Spotlight report. It's based on Hood's analysis of 681 peer-reviewed academic journal articles published since 1990.
North Carolina’s Tax Freedom Day arrived Monday. Among neighboring states, only Virginians must work more days to pay their tax bills.
You are likely to fare better than some veteran political observers when interpreting the results of a recent study of N.C. reforms.
RALEIGH — Taxpayers in every income category will save tens of millions of dollars because of state tax reforms enacted in North Carolina in 2013. Combining 2013 reforms with a 2011 sales-tax decline pushed by the Republican-led General Assembly, lower- and middle-income households will enjoy annual savings of $682 million, according to a new John Locke Foundation Spotlight report.
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