Dr. Roy Cordato, John Locke Foundation senior economist, discusses his concerns about President Trump’s proposed tariffs on washing machines and other products. Cordato offered these comments during an interview with Donna Martinez for Carolina Journal Radio.
JLF’s Roy Cordato outlines concerns about Trump’s tariffs
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State gets pleasant April surprise
I’ve never been more delighted to be mistaken. A couple of weeks ago, I wrote a column observing that, over the first eight months of the 2023-24 fiscal year, the state’s General Fund revenue was down slightly from what was collected during the first eight months of the previous fiscal year. North Carolina faced no...
John Hood
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State forecasts $1.4 billion budget surplus
The North Carolina General Assembly's Fiscal Research Division projects that while inflation and interest rates are still up, the state will have $400 million over in collections in the current fiscal year and $1 billion additional revenue coming into the state coffers in FY 2024-25.
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State revenues are down this year
State Controller Nels Roseland has just released five months of reports about North Carolina’s General Fund budget. I’m told the delay wasn’t nefarious. It was caused by a change in accounting systems. Well, better late than never — but I hope the delay hasn’t lulled our leaders into complacency. Over the first two-thirds of the...
John Hood
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Expert warns of ‘benefits cliff’ as NC considers study of welfare program consolidation
Benefits cliffs occur when a small wage increase puts a family over the threshold to stop receiving public benefits. One study found that a single mother of two children would require a 67% raise at an annual income of $32,000 in order to overcome losses in benefits from bringing in more income.
David N. Bass