Budgets

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    NC Corporate Tax on the Right Track, Gov. Cooper’s Proposed Budget Threatens Derailment

    North Carolina is on the right track with corporate income tax. The tax is currently at 3 percent, after annual reductions in the rate since 2013 when it was at 6.9 percent. The tax is scheduled to be reduced to 2.5 percent in January; however, the tax increases in Governor…
    Anna Manning, May 25, 2018
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    This weekend on Carolina Journal Radio

    Thousands of protesting public school teachers greeted lawmakers returning to Raleigh last week. Terry Stoops places those teachers’ complaints in context for the next edition of Carolina Journal Radio. Joseph Coletti explains why Gov. Roy Cooper’s budget proposal would guarantee future tax hikes. Elon University law professor…
    Mitch Kokai, May 25, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on $35 million of school safety measures included in the proposed state budget adjustment. John Trump’s Daily Journal explains that a recent court ruling means craft brewers’ legal battle with the state and with beer distributors is just beginning.
    Mitch Kokai, May 25, 2018
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    Apple wants “30 years of stability”? So do the rest of us!

    John Locke Foundation’s Jon Sanders weighs in on corporate welfare for Apple Inc – As I read the details of the proposal and hear what state and local policymakers are prepared to do to bring in Apple or the next large employer, I am staggered. They would: Dramatically lower…
    Anna Manning, May 24, 2018
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    Governor Cooper’s Proposed FY2018-19 Budget: Tax Raises and New Debt

    Governor Cooper’s proposed budget for this fiscal year (2018-2019) would spend $1.5 billion more than the current year. Despite Gov. Cooper saying in 2017 that the state government would spend no more per person in 2018-19 than it did in 2016-17, spending would increase by 6.5%. This is almost as…
    Anna Manning, May 24, 2018
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    State budget on fast track

    State legislators may have the budget done this weekend and to Gov. Roy Cooper next week, with no amendments allowed. A 40-person conference committee with no Democratic members has done most of the work and now it is between House Speaker Tim Moore and Senate President Pro Tem Phil…
    Joseph Coletti, May 23, 2018
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    Why do politicians offer economic development incentives?

    The state’s long-term commitment of incentives to Apple and others, is “just burning money,” according to Nathan Jensen of the University of Texas. He told WRAL that past 20 years, What you’re offering doesn’t make it any more attractive. You’re really borrowing against future revenues for very little benefit. The…
    Joseph Coletti, May 21, 2018
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    You can’t get skinny by tightening your belt

    Peter Boettke discussed who should have the authority for different public functions in his address as president of the Southern Economic Association and in this week’s episode of EconTalk. It’s a big topic that raises important questions on freedom and community. Fortunately, Boettke worked closely with Richard Cornuelle on…
    Joseph Coletti, May 17, 2018