Category Archives: Taxes

JLF report highlights factors that boosted N.C.’s business tax climate ranking from No. 44 to No. 15

Recent tax reforms have propelled North Carolina from No. 44 to No. 15 in the Tax Foundation’s annual index of states’ business tax climates. A new John Locke Foundation report highlights the positive changes that have produced rapid improvement in the rankings. JLF also continues to push for additional reforms. The John Locke Foundation willContinue Reading

Lessons Americans can learn from Europe

Michael Tanner of the Cato Institute admits in a National Review Online column that the United States can learn some valuable public policy lessons from Europe. For example, we could well benefit from adopting a Swiss-style “debt break.” By law, the Swiss government cannot run a budget deficit over an economic cycle. This is not,Continue Reading

Kudlow emphasizes growth

Lawrence Kudlow‘s latest column at Human Events assesses Republican presidential candidates’ policies to promote economic growth. The singular economic issue of our time is the quest for more rapid economic growth. In the past century the American economy grew at roughly 3.5 percent per year. That included huge booms and even worse busts, such asContinue Reading

NC’s Tax Ranking moves to #15

Every year the Tax Foundation publishes the State Business Tax Climate Index that allows taxpayers, businesses and policymakers an easy comparison of how their state’s tax systems relate. This ranking of the states is based on tax policy, and has been very important in North Carolina over the last few years. During the 2013 legislativeContinue Reading

2016 State Business Tax Climate Index

States with the most competitive business tax systems according to the Tax Foundation‘s most recent State Business Tax Climate Index. So what do the top ten tanked states have that North Carolina doesn’t? Property taxes and unemployment insurance taxes are levied in every state, but there are several states that score the highest that doContinue Reading

Tax, Obamacare reform unlikely in 2016, NTU leader says

A top officer in the National Taxpayers Union says he doesn’t expect much action on reform of the federal tax code or the federal health care law in 2016. Those were among the top congressional topics NTU executive vice president Brandon Arnold addressed during a presentation for the John Locke Foundation’s Shaftesbury Society. In theContinue Reading

A defense of presidential flat-tax plans

Stephen Moore devotes a National Review Online column to a defense of flat-tax plans that have generated criticism from the Cato Institute. Rand Paul has proposed a $2 trillion tax cut over years — arguably the biggest tax reduction in American history. He wants to shave tax rates down to 14.5 percent, the lowest rateContinue Reading

N.C. not alone in cutting the cord with renewables

The latest issue of Bloomberg Businessweek, which focuses on the year ahead, signals that renewable energy companies might have to learn to live without taxpayer subsidies. In 2016 the U.S. will learn if renewable energy can survive without government support. The most significant tax credit for solar power will expire at the end of 2016,Continue Reading