Daily Archives: October 9, 2012
It is difficult to argue, with a straight face and without crossing fingers behind your back, that the tax climate in North Carolina is not a stumbling block to economic improvement. As the election season flows with gathering speed towards its Nov. 6 conclusion in the General Election, that argument is heard more loudly, andContinue Reading
Professor Ralph Reiland here takes a look at the government’s own numbers and foresees a crackup looming — just about every dollar going to debt service and entitlements. I’m not optimistic that a Romney administration could do much to avert the crackup, but we know that four more years of Obama will hasten it. ThisContinue Reading
One feature of Obamacare (the so-called Affordable Care Act) is that it sets up a board called the Independent Payment Advisory Board with sweeping powers. Can it actually deny people treatments if these experts don’t approve? In this Cato@Liberty post, Michael Cannon quotes a reputable health care expert who says that no reputable economist thinksContinue Reading
The Cato Institute’s new Fiscal Policy Report on America’s Governors gives North Carolina’s Beverly Perdue a C grade. Early in her tenure, Governor Perdue signed a giant package of tax increases that raised $1 billion annually. Middle-income households were hit with a 2 percent surtax on their incomes, and higher earners and corporations were hitContinue Reading
Guess which state stands out in the Southeast — for all the wrong reasons — in the Tax Foundation’s latest State Business Tax Climate Index? Yep. North Carolina ranks No. 44, far lower than its neighbors and all other Southeastern states. The only states that rank lower? Minnesota, Rhode Island, Vermont, California, New Jersey, andContinue Reading
Kristy Bailey reports for Carolina Journal Online about the battle for the open seat in N.C. Senate District 25.
Why is economist and columnist Thomas Sowell applying such a disrespectful label to our 44th president? Let him explain. Like so many people who have been beaten in a verbal encounter, and who can think of clever things to say the next day after it is all over, President Obama, after his clear loss inContinue Reading