Taxes

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    Another great idea: Taxing innovators to pay for welfare

    Editors at Investor’s Business Daily pan a new study from across the pond. It suggests taxing innovative companies in order to pay for a universal basic income. A new “study” in Britain suggests that by raising taxes sharply on Facebook, Amazon and Apple, the government could pay for…
    Mitch Kokai, February 20, 2018
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    Nearly 300 federal tax regulations heading to the trash heap

    Elizabeth Harrington of the Washington Free Beacon delivers good news to those who are interested in rolling back unnecessary government regulations. The Treasury Department plans to eliminate nearly 300 outdated tax regulations, getting tax rules off the books that in some cases have not applied since the 1940s.
    Mitch Kokai, February 16, 2018
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    National Review columnist pans new IRS plan to take passports

    Kevin Williamson of National Review Online directs his attention toward the Internal Revenue Service’s latest bad idea. The U.S. government is building the world’s largest debtors’ prison: the United States. Beginning this month, the Internal Revenue Service will begin denying passports to some American citizens with unpaid taxes…
    Mitch Kokai, February 15, 2018
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    Hundreds of thousands of dollars, but no new jobs

    The incentives game really has turned into a race to the bottom.  It used to be that state and local governments would put together a package to help lure a large company for a major project bringing significant numbers of new jobs to an area.  That sort of incentive package…
    Julie Tisdale, February 13, 2018
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    Dems not sure about Republicans following their prescription

    Robert Donachie of the Daily Caller examines congressional Democrats’ interesting reaction to their Republican counterparts’ budget plan. Democrats have long championed running budget deficits and ramping government spending to kickstart the economy. Now that Republicans are doing just that, Democrats aren’t so sure. For years, the prevailing Democratic…
    Mitch Kokai, February 13, 2018
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    Next Move For North Carolina: Abolish The Capital Gains Tax

    Recent federal tax reforms are similar to tax reforms implemented by North Carolina in 2013. Problem is, writes JLF’s Roy Cordato, both the state and the feds have so far failed to reform the double taxation known as capital gains. Time for North Carolina to take the lead…
    Donna Martinez, February 13, 2018
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    Protecting tax advantages for ‘the rich’

    Andrew Wilson writes at National Review Online about the political implications of a key federal tax law change. Conservatives have long argued that taxes matter. Sure, they matter, progressives have countered — if all you care about is making the rich richer and doing nothing to help working…
    Mitch Kokai, February 9, 2018
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    Frivolous spending with other people’s money. Again.

    I’ve been out of the office, so I’m a little behind on this story.  But even a week late, I just have to weigh in on this one. The News & Observer ran a piece last week about two new bridge projects in Raleigh – Wade Avenue over Capital…
    Julie Tisdale, February 8, 2018