The U.S. Supreme Court will review two cases next month with N.C. ties. Either case could return the Tar Heel State to national headlines when the nation’s highest court starts its next term in the fall. Justices have set June 15 as the date to consider whether to take up Quad Graphics v. N.C. Department of Revenue and Diaz-Tomas v. North Carolina.
Ashworth’s Clothing in Fuquay-Varina opened in 1937. It survived through some trying times, such as World War II, the Vietnam War, and the Great Recession. Owner Steve Ashworth says the current state of the world economy offers some unique challenges, too. “This is unusual, especially the government’s lockdown in 2020, which impacted us,” he told...
The general counsel of the NC Chamber offered an ominous prediction this week. More than half of the state’s small businesses will close by mid-April if Gov. Roy Cooper’s stay-at-home order remains, Ray Starling told the House Select Committee on COVID-19 Economic Support Working Group. Cooper issued an executive order March 17 ending seated dining...
Grover Norquist is using his considerable influence to push North Carolina lawmakers toward reforming restrictive laws governing craft beer. Norquist, founder of Americans for Tax Reform, is calling for an end to the state’s “protectionist, anti-consumer restriction on craft brewery self-distribution.” Norquist in 1985 founded ATR, which promotes a system in which taxes are simpler,...
RALEIGH — The race in state Senate District 1 was a toss-up in 2012, and it is once again as Republican incumbent Sen. Bill Cook and former Sen. Stan White square off again. Longtime Democratic state Senate leader Marc Basnight represented District 1 from 1985 until his retirement early in 2011. White was picked to fill the remainder of the term.
RALEIGH — Gov. Pat McCrory said the package of tax simplification and rate cuts passed last year would provide more stability to business owners and leave more money in consumers’ pockets, encouraging job creation and economic growth. Analysis by the John Locke Foundation and N.C. General Assembly staff showed that most households would pay lower taxes because of the tax reforms.
RALEIGH — One of the state’s largest business organizations is keeping a close eye on two federal lawsuits challenging the authority of the IRS to collect Obamacare taxes in states, including North Carolina, that did not set up state-run health insurance exchanges. Even so, GOP elected officials will not say whether the state should join the litigation.
RALEIGH — It’s tough enough for a small business to succeed when it faces competition in the open market. It’s even tougher when government puts up roadblocks in the form of high taxes or excessive regulation. Gregg Thompson, N.C. state director of the National Federation of Independent Business, discussed regulatory concerns with Mitch Kokai for Carolina Journal Radio.
RALEIGH — The proposal is an attempt to repay the federal government $2.5 billion the state borrowed to pay for benefits during the Great Recession. Under the current repayment plan, the state would repay the debt by 2018. If the new proposal is adopted, the debt could be repaid by 2015.
RALEIGH — Remarks made July 13 by President Obama about business owners did not sit well with North Carolina entrepreneurs and a business trade association representative who spoke with Carolina Journal.
RALEIGH — U.S. Rep. Heath Shuler of North Carolina has been targeted by a radio advertisement campaign because of his support of a bill that would simplify the process in which workers could indicate their desire to unionize, but pro-business opponents of the measure say the changes would leave other employees vulnerable to pro-union intimidation tactics.
