Budgets (page 251)

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    Cutting deficits

    Live Blog James Politi and Stephanie Kirchgaessner should not be writing for the front page of a financial newspaper. In this morning's Financial Times, they write In a speech on Wednesday, the US president proposed cutting $4,000bn from deficits in the next 12 years, shrinking discretionary spending and the…
    Joseph Coletti, April 14, 2011
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    In case you missed him …

    Joseph Coletti explained for WTVD viewers Wednesday why the N.C. House budget plan must include significant proposed cuts.
    Mitch Kokai, April 14, 2011
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    New Carolina Journal Online features

    Anthony Greco’s latest Carolina Journal Online report focuses on a Republican legislative plan to tie unemployment benefit extensions to a budget resolution. John Hood’s Daily Journal rebuts exaggerated arguments against N.C. House Republicans’ budget proposals.
    Mitch Kokai, April 14, 2011
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    New at CJO: House budget highlights examined

    Anthony Greco’s latest Carolina Journal Online report focuses on key points from the N.C. House budget numbers released Tuesday.
    Mitch Kokai, April 13, 2011
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    House budget, first look

    Live Blog House Appropriations subcommittees started debate yesterday on the specifics what it means to balance the budget in a pro-family, pro-growth way. Proposed savings in primary and secondary education of $694 million are midway between Gov. Perdue's $351 million and the John Locke Foundation's $1 billion. Community College…
    Joseph Coletti, April 13, 2011
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    Prisons failing

    Live Blog North Carolina sends 40 percent of ex-offenders back to prison for new crimes, but almost none back for technical violations of parole or probation according to a new report from the Pew Center on the States. Recidivism in North Carolina was lower for inmates released in…
    Joseph Coletti, April 13, 2011
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    Barone wants to stop the bickering and squabbling

    Michael Barone has a bone to pick with fellow political pundits. He explains in his latest Washington Examiner column: Let’s ban the verbs “bicker” and “squabble,” not for a month but forever. You’ve seen those verbs often if you’ve been reading about…
    Mitch Kokai, April 13, 2011
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    Tax Foundation expert targets aggressive state tax practices

    A day after commemorating Tax Freedom Day, the Tax Foundation’s Joseph Henchman heads to Capitol Hill this afternoon to testify in connection with a bill targeting “aggressive” state tax practices. Here are some highlights from Henchman’s upcoming testimony on the Business Activity Tax Simplification Act: About half the states now assert "economic nexus" in corporate taxation, claiming the power to tax corporations with no property or employees in the state. Six states have adopted aggressive sales tax stands, including Arkansas earlier this month. These trends result from states' incentive to shift tax burdens from physically present individuals and businesses to those who are beyond their borders. Recent examples have included door-to-door salesmen, credit card companies, franchised fast food operations, cell phone providers, online travel companies, car rental companies, and affiliate- and franchise-based operations. Businesses must consequently deal with: Complex tax statutes Uncertainty about what activities create tax obligations in different states Lack of uniformity between different states in tax rules and formulas Generally, wasting significant time, wealth, and brainpower navigating tax compliance rather than doing more productive things.
    Mitch Kokai, April 13, 2011