Economy (page 111)

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    The long-term challenge of federal debt

    Gene Epstein of Barron’s explains why it won’t be easy to erase the federal government’s debt. Those who deny that soaring debt can ever be a worry for the U.S. often point out that this debt is denominated in the same U.S. dollars the Fed has the ability…
    Mitch Kokai, October 23, 2017
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    JLF’s Joe Coletti Talks To WRAL About Folly of Incentives

    Tyler Dukes of WRAL reports: In the wake of the 2008 recession, about four of every 10 of the jobs state officials hoped to lure to North Carolina with the promise of millions in taxpayer money failed to materialize, new Commerce Department data show. A WRAL News analysis of…
    Donna Martinez, October 19, 2017
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    NC goes from No. 12 to No. 11 in Tax Foundation Business Climate Ranking

    NC has gone from 12 to 11 in The Tax Foundation’s Business Tax Climate Index. Here’s two bits of commentary from the Executive Summary. The rankings for all states are also included in the summary. After the most dramatic improvement in the Index’s history in 2015—from 41st to 12th in…
    Roy Cordato, October 17, 2017
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    This weekend on Carolina Journal Radio

    North Carolina school officials were happy to announce recent gains in SAT scores and Advanced Placement participation. Terry Stoops looks beyond the headlines during the next edition of Carolina Journal Radio. Julie Tisdale explains why she’s happy to see Carolina Beach discussing rules linked to accessory…
    Mitch Kokai, October 13, 2017
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    Kudlow praises top Trump tax expert

    Larry Kudlow explains at National Review Online why he’s happy to see Kevin Hassett working within the Trump administration. President Trump’s new CEA chair, Kevin Hassett, walked into the lion’s den last week with his first official speech. He used the moment to pound the leftist Tax Policy…
    Mitch Kokai, October 10, 2017
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    Cooper, N.C. leaders support ‘Robin Hood in reverse’ incentives policies

    North Carolina’s targeted tax incentives programs act as a kind of “Robin Hood in reverse.” They rob the poor and the middle class to benefit corporations. Gov. Roy Cooper supports these policies, despite repeated campaign statements opposing “corporate tax giveaways.” Donald Bryson, N.C. state director of Americans for Prosperity, made…
    Mitch Kokai, October 9, 2017
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    Profiting off connections is expensive

    Federal income taxes get more complicated as people earn more. Do some independent work and you have to estimate your taxes, and file a Section C and a Section SE. Put money in or use money from a Health Savings Account, file more forms. Earn money from your investments, file another form…
    Joseph Coletti, October 9, 2017
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    Forbes goes for the gold

    Steve Forbes‘ latest column for Forbes magazine lauds a book that makes a case for returning to the gold standard. The key to unlocking a great boom (along with a low-tax regime) is stable currencies. Without sound money we will be hurt by more dangerous and unnecessary crises…
    Mitch Kokai, October 6, 2017