Taxes

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    Calvin Coolidge Kept Lion Cubs as Pets. No Kidding.

    President Calvin Coolidge is a favorite of fiscal conservatives and thousands of pages have been written to explain his contributions. But here’s something you may not know: the Coolidge family pets weren’t dogs or cats. They were lion cubs — gifts the president used to reflect his firm commitment…
    Donna Martinez, April 24, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on recommendations emerging for a legislative working group on student mental health issues. The Daily Journal explains how a pair of presidential pets helped teach an important lesson about frugal government budgeting.
    Mitch Kokai, April 24, 2018
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    Math from the Independent Weekly

    Jeffrey Billman provides a good rundown for Independent Weekly readers of how Wake County Commissioners could push property taxes up more than $200. Natural growth will provide $32 million for the county, but $10 million of that goes to already pledged debt service on recently passed bonds. By…
    Joseph Coletti, April 20, 2018
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    Analysts question benefit of offering mammoth incentive package to Amazon

    Michael Farren and Anne Philpot, of the Mercatus Center, wrote an article featured in The Baltimore Sun on an $8.5 billion incentive package offered to Amazon by Maryland legislators to sway the tech giant to house the new “HQ2” headquarters in Montgomery County. You may recall articles the John…
    Anna Manning, April 19, 2018
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    Republicans Really Raised Taxes on the Rich

    Steven Heyward at Power Line blog highlights some news from various sources showing after-tax wages rising rapidly even as the rich (at least in California and New Jersey) will face higher tax bills next year. The Sacramento Bee reported that a million Californians will pay an average of $12,000…
    Joseph Coletti, April 18, 2018
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    Tax cuts spur businesses and the economy

    A new paper on Sweat Equity in U.S. Private Business finds “existing measures of business incomes and valuations” understate “the value of time to build customer bases, client lists, and other intangible assets.” As a result, they also understate the impact of tax cuts to boost the economy.
    Joseph Coletti, April 18, 2018
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    Tax Cuts Begun in 2011 Have Put $5 Billion Back Into the Economy

    It’s tax filing deadline day, making it a perfect time to assess how far we’ve come in North Carolina by making sure every working North Carolinian keeps more of what he or she earns. That’s due to pro-growth economic policies adopted over the post six or seven years. Becki…
    Donna Martinez, April 17, 2018
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    Norquist expects election year votes on tax cuts, guns

    Susan Ferrechio of the Washington Examiner highlights a political prediction from the leader of Americans for Tax Reform. The House won’t use [the] tax filing deadline as a showcase for a bill making the new individual tax cuts permanent, and will instead delay that vote until the summer…
    Mitch Kokai, April 17, 2018