News

Cato Institute ranks Cooper 6th best governor for signing Republican budget

Another free-market think tank has ranked Democratic North Carolina Gov. Roy Cooper positively with regard to fiscal policy, with the Cato Institute’s new governor’s rankings putting Cooper 6th overall. Cooper was the only Democrat in the top 10 and received a “B” grade overall. Cato’s report created scores for governors “on the basis of seven...

David Larson
News

House rejects Budd, Murphy amendments against new taxes on incomes under $400k

The "Inflation Reduction Act," which passed the U.S. Senate on Sunday, is up for a vote this week in the U.S. House, and the final version will not contain guarantees that those making under $400,000 per year will avoid any resulting new taxes. The House rejected amendments from two N.C. Republicans that would have limited new taxation to those earning more than $400,000.

David Larson
Opinion

Double taxes for the unvaccinated and other outrageous stories

I’m up here at a conference in Washington D.C. and met somebody from Raleigh who is a fan of Carolina Journal and he told me he liked the outrageous stories segment. It’s nice to hear from readers and I try to pick out content that has a broad appeal. Here are a few stories that...

Ray Nothstine
News

N.C. delays tax filing, but future cuts to personal income taxes a boon for residents

Tax season in North Carolina won’t open until Feb. 28. Changes in the tax law, part of the state’s $25.9 billion spending plan passed last year, have delayed the Department of Revenue from finalizing certain tax forms, the department says. This also includes updates for tax systems and approval of tax preparation software.  “Accurately processing...

John Trump
Opinion

Washington has too much SALT in its diet

State and local tax deductions, commonly referred to within the Washington beltway as “SALT,” have become a lightning rod for bipartisan criticism over the past few weeks – a flashpoint that has received national attention. Under H.R. 5376, the so-called “Build Back Better Act” that was passed by the U.S. House on November 19, the...

Virginia Foxx

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Opinion

Do limousine liberals control the Democratic Party? 

Believe it or not, the “limousine liberal” tag was first used by a Democrat to describe a Republican in a New York City mayoral campaign during the late 1960s. Back then, the Democratic Party was still largely cemented as America’s working-class party. Today, it’s an entirely different story. Few policies highlight that more right now...

Ray Nothstine
Opinion

Tax Relief That Addresses Revenue Concerns Is Something North Carolina Lawmakers Have Done Before And Can Do Again

If state legislators can convince Gov. Roy Cooper to support the new budget, North Carolina will become the 13th state to enact a personal income tax cut this year, the third signed into law by a Democratic governor. That personal income tax cut is expected to be included in the new compromise budget currently being...

Patrick Gleason
Opinion

Dear Gov. Cooper:  Here is Wisconsin Gov. Tony Evers phone number. Call him!

Gov. Roy Cooper could change the dynamics of next year’s legislative elections and create a legislative legacy if he does one thing; call Wisconsin Gov. Tony Evers and follow his example on the state budget. On July 8, Evers, the Democrat governor of the Badger State signed the Republican state legislature’s two-year budget. “Gov. Tony...

Dallas Woodhouse
Opinion

What is happening with our state budget 

The General Assembly convened Jan. 13 and has met for well over 100 days. More than 1,700 bills have been filed; bills on election reform, appropriating federal COVID money, energy modernization, medical marijuana, sports betting, constitutional amendments, education reforms, health care advancements, regulatory reforms, unemployment benefits, confirmations, and appointments — to name a few.  ...

Becki Gray
Opinion

Takeaways from the Senate budget

This week the Senate leadership presented the chamber’s state budget proposal. After a day or two of social media reaction and topline numbers, it’s time for a real look at what this contains before it runs the legislative gauntlet. A theme runs through this budget: Fix what’s broken, maintain what we know is working, and...

Becki Gray