John Locke Foundation President John Hood analyzes Republican presidential candidate Mitt Romney’s infamous comment about the 47 percent of Americans who pay no federal income taxes. Hood offered these comments during an interview with Donna Martinez for Carolina Journal Radio (Program No. 490).
Give it back
Last week the non-partisan Fiscal Research Division of the North Carolina General Assembly forecast yet another $1 billion+ surplus in anticipated tax revenues for the 2024–2025 fiscal year. That’s on top of the $400+ million in surplus collections for the 2023-2024 fiscal year. The news, the latest in a decade-long run of tax revenue surpluses,...