Category Archives: Taxes

House boasts Historic Preservation Tax Credit

A press release went out yesterday about the House voting to bring back the historic preservation tax credit.  Hopefully the Senate will see that this is bad policy and either change this to a local grant program or not enact the tax credit at all.  Below is the press release: Raleigh, NC – Today, Rep.Continue Reading

No easy route for Obama’s transportation plan

Brian Hughes reports for the Washington Examiner on the likelihood that President Obama’s transportation plan will go nowhere. The White House sent to Congress Monday a nearly half-trillion-dollar proposal for a federal highway bill, but despite bipartisan calls for additional infrastructure spending, the effort is likely to be defeated. When Republicans took control of bothContinue Reading

New Carolina Journal Online features

Don Carrington reports for Carolina Journal Online on a tax preparer who is helping to expose tax refund fraud. Dan Way’s Daily Journal highlights massive changes in the news media landscape.

Helping all American taxpayers by getting rid of a special break for high-tax states

Alex Adrianson of the Heritage Foundation’s “Insider Online” blog highlights information that should interest all American taxpayers, especially those who live in low-tax states. The federal deduction for state and local taxes is a handout to high-tax states. It lets them raise their taxes higher than would otherwise be politically sustainable by shifting that taxContinue Reading

New Carolina Journal Online features

Don Carrington reports for Carolina Journal Online that incentive-funded Spirit AeroSystems has fallen far short of its job promises. John Hood’s Daily Journal says the “Carolina Comeback” would be even more impressive if the state matched the “Peach State Surge.”

New Carolina Journal Online features

Barry Smith reports for Carolina Journal Online on N.C. Senate leaders’ latest tax plan, which features personal and corporate income tax rate cuts. Jon Guze’s Daily Journal examines why North Carolina has avoided major problems with predatory policing.

Another $5 million down the drain

A press release came out from the NC Senate boasting about giving a failing program an additional $5 million for corporate welfare.  I’m so glad I pay taxes so lawmakers can spend it this way – NOT! Senate Passes Bill to Provide Additional $5 Million to JDIG Raleigh, N.C. – The North Carolina Senate onContinue Reading

Senators unveil bill to create tax-free savings accounts for the disabled

Bipartisan sponsors unveiled in a morning news conference Senate Bill 367, the Achieving a Better Life Experience (ABLE) Act, which would allow disabled North Carolinians to benefit from 529-style tax-free savings accounts. On the national level, the idea has earned criticism from groups like the Heritage Foundation. But S.B. 367 has support from one ofContinue Reading