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...
There are clearly public investments worth raising taxes to finance — but after a certain point, higher taxes depress valuable private investment more than they increase valuable public investment.
By taxing capital less, we’ll get more of it — more capital invested in new businesses creating new jobs.
Much progress has been made, but North Carolina has room for more tax reform.
Only if you believe that raising the cost of doing business is good for the economy can you buy into the notion that a minimum wage increase spurs economic growth.
When investing in new machinery or technology to boost their productivity, business competitors don’t try to outbid each other in total money spent.
Those who want to see the tax rate on dividends rise from 15 percent to 43 percent actually think it would be good for us to lose our precarious hold and plummet.
If politicians are going to smuggle the economic concept of investment into their political agenda, they have a responsibility to apply it properly.
If you are going to use the lingo of investment, folks, you have to apply the concept properly.
RALEIGH — Steve Goss and Dan Soucek have a lot in common — they’re both ordained ministers, they’ve both been missionaries in Asia, and now they’d both like to bring jobs back to the economically depressed state Senate District 45, covering the northwestern corner of the state. What sets them apart is how they plan to do it.
When households pay premiums for life insurance, they pay out of taxable dollars. Thus their death benefits shouldn’t be taxed.
