July 15, 2021
Brian Balfour, senior vice president of research at the John Locke Foundation, discusses a recent attack on proposed N.C. tax cuts. Learn more here: “How not to argue against tax cuts.”
Later this week, the U.S. House is expected to consider the $740 billion Inflation Reduction Act that narrowly passed in the U.S. Senate Sunday night. However, economists are sounding alarm bells saying it will raise inflation, not reduce it, on those who need help the most.
Naysayers from the political left warned that revenues would plummet, and our state would face a budget crisis.
North Carolina was profiled in a recent Pewtrusts.org article as one of five states that uses a “budget stress test” to determine how much money should be set aside in its rainy-day fund to avert a future crisis such as a recession or major disaster like a hurricane.
What about Washington D.C., particularly the ruling Democrat Party, makes them think that the American people are thirsting for bigger government, more spending, and higher taxes? Why do they think the American people are stupid enough to fall for their economic nonsense? The professional D.C. class has been flipping cartwheels since U.S. Senator Joe Manchin, D-WV, agreed...