News
New Trump Accounts could benefit 2 million NC children
Parents in North Carolina and across the US have a new way of helping provide for their child’s financial future.
Opinion
A banner year for reliable energy, but some concerns persist
Policymakers should amend the Carbon Plan law to make carbon neutrality a goal instead of a mandate. The most important thing for power provision in NC is meeting consumers’ need for reliable and least-cost electricity.
News
New small business retirement plan could reduce public assistance costs by $500M per year
The average Social Security payment for people over 65 is about $21,000 a year. Factoring in expenses like food, healthcare, and utilities costs upward of $22,000 per year, explained Lowery during a press conference, which means North Carolinians relying solely on Social Security aren’t prepared for retirement.
Opinion
In Congress, an ‘EPIC’ move to support NC life sciences
NC's thriving innovation economy is at risk, thanks to a provision in the 2022 Inflation Reduction Act that discourages investment in an entire class of medicines known as "small molecules."
Opinion
How the Inflation Reduction Act fails
The Inflation Reduction Act of 2022 (IRA), signed by President Biden, is now law. This act attempts to address growing concerns with U.S. inflation currently hovering around 8% to 9%; however, it does so in name alone without solving the underlying causes of inflation. The act’s approach addresses some of the sting of inflation for some...
Opinion
Inflation and harming the ‘least of these’
Not only are inflationary policies the most harmful to the poor, but there is too little attention given to their adverse effects.
News
Congresswoman Virginia Foxx keeps going and going
As families across North Carolina headed to the beach, festivals, and family celebrations for Memorial Day, Rep. Virginia Foxx, R- N.C, is on the move. On Sunday, the nine-term congresswoman who calls Banner Elk in Watauga County home is traveling an hour and 15 minutes via mountainous and windy N.C. Highway 105 and 221 to...
Opinion
High-profile politician’s proposal shines light on tax-rate debate
Alexandria Ocasio-Cortez deserves a big “Thank you.” In calling for top marginal tax rates of 70 percent, the freshman U.S. representative from New York is attracting attention to often-neglected issues linked to federal tax policy. To be clear, this column is not endorsing Ocasio-Cortez’s proposal. A near doubling of the current top tax rate would...
News
GOP House members say tax reform will show Congress can fulfill promises
HOPE MILLS — On Thursday John Buie accompanied the management team from JEB Designs to a trade show in Charlotte to inspect a $60,000 machine for his small screen-printing/embroidery company. The next day Buie, the firm’s chief financial officer, hosted Republican U.S. Reps. Richard Hudson of North Carolina’s 8th Congressional District and Cathy McMorris Rodgers...
Opinion
What does tax fairness mean?
The reason people tend to respond favorably to proportionality as a standard for tax fairness is that it comports with their intuitions and experience.
Opinion
Tax reform would attract capital
By taxing capital less, we’ll get more of it — more capital invested in new businesses creating new jobs.
Opinion
The Best Route Toward a Consumption Tax
Over the last few years, ever since the tax reform of 2013 took hold in North Carolina, there has been a steady push to expand the sales tax to services in an attempt to make it a more pure consumption tax. The idea, on the part of some analysts and lawmakers, has been eventually to...
