Dr. Roy Cordato, John Locke Foundation vice president for research and resident scholar, discusses JLF’s proposal for replacing most of North Carolina state government’s current taxes with a new Unlimited Savings Allowance, or USA, tax. Cordato offered these comments during an interview with Donna Martinez for Carolina Journal Radio (Program No. 504).
JLF’s Roy Cordato discusses a proposed Unlimited Savings Allowance, or USA, tax
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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,...
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NC No.4 in ALEC’s Economic Outlook Rankings
The 17th edition of the annual rankings placed the Tar Heel State as having the fourth best economic outlook among the 50 states, after turning in the eleventh ranked economic performance.
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