NC has two members well positioned to fix this at the federal level: Rep. Greg Murphy on the House Ways and Means Committee and Sen.Thom Tillis on the Senate Finance Committee.
While still ranking as a top state for business and tax competitiveness, NC risks falling behind other states if it stands still.
For companies and investors, especially those driving growth in RTP’s startup scene and Charlotte’s banking sector, this kind of tax would discourage long-term investment, stifle innovation, and create unnecessary market volatility.
Over the past decade, the General Assembly has pursued a tax-reform strategy designed to foster growth and expand freedom in the Tar Heel State. North Carolina now has a flat-rate income tax. State taxes on both personal income and retail sales apply lower rates to broader bases. And lawmakers are in the process of phasing...
As hundreds of bills are filed in the General Assembly, I ask: What problem are lawmakers trying to solve? If there is one, what should government do about it? For years, people around the state have discussed the best dates for schools to start and to stop. Lawmakers, as of press time, have filed 17...
North Carolina ranks 31st in the rate of income taxation on capital gains. A simple way to move up the rankings would be to follow the lead of South Carolina.
Setting revenue targets helps limit politicians' uncertainty about the impact of growth-enhancing tax changes.
Legislators have opportunities next year to build on successful reforms.
The 2016 N.C. legislative session was short, but full of significant action: limiting the growth of government, cutting taxes, paying down debt, building savings, raising teacher pay by almost 5 percent, protecting property rights, and continuing the momentum toward economic growth that began in 2011. What’s ahead? More of the same, I hope. As we...
Policies focusing on government-directed economic development miss the mark.
By taxing capital less, we’ll get more of it — more capital invested in new businesses creating new jobs.
