Taxes

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    State revenues are getting hammered

    Tax revenues are falling for states and local governments across the country. The Atlantic wonders, “Will the coronavirus bankrupt cities?” Pew provides numerous examples of how state taxes are getting slammed: Hawaii officials have estimated a $225 million decline; in New York, it’s a whopping…
    Joseph Coletti, April 3, 2020
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    True facts about public health spending and Coronavirus

    There has been no Republican war against public health spending either in North Carolina or in Washington, DC. Reposting here a portion of my comments from March 16 to help set the record straight A progressive advocacy group recently claimed that public health funding was cut by 28% because of…
    Joseph Coletti, March 25, 2020
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    ALEC economist notes likely impact of N.C. tax reforms on congressional clout

    Jonathan Williams of the American Legislative Exchange Council considers the link between American migration patterns and state tax policies. He summarizes his analysis for TheHill.com. With the 2020 census just around the corner, elected officials and demographers eagerly await the results from this once in a decade process…
    Mitch Kokai, March 12, 2020
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    Democrat Sen. Wiley Nickel Could Single-Handedly Solve Budget Impasse: Why Won’t He?

    State senator Wiley Nickel and state representative Julie von Haefen, both Democrats from Wake County, are holding a press conference this afternoon to show how concerned they are about retirees and teachers. Sen. Nickel jumped the gun with a string of tweets last night calling for new negotiations on budget…
    Joseph Coletti, March 10, 2020
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    Should We Stop Having Sales Tax Referendums During Primary Elections?

    Last week, eight counties across North Carolina voted on whether to raise sales taxes by a quarter-cent. According to a story written by Kari Travis in Carolina Journal: Voters in Bertie, Chatham, Forsyth, and Madison counties said “yes” to tax hikes. Voters in Alamance, Stokes, Washington, and Wayne counties said…
    Brenee Goforth, March 9, 2020
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    Progressive plans and middle-class tax hikes

    Editors at the Washington Examiner highlight the potential impact for the middle class of proposals progressives are touting on the campaign trail. Out of 147 million IRS tax filers in 2018, just 0.3% (about 500,000) had incomes above $1 million. These earners and families made 17% of all…
    Mitch Kokai, March 9, 2020
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    This weekend on Carolina Journal Radio

    If not for Carolina Journal’s reporting, few people would have learned that the N.C. Department of Transportation had purchased a former circus train and parked its cars in a wooded area of Nash County. Rick Henderson discusses that story for the next Carolina Journal Radio. Henderson also…
    Mitch Kokai, March 6, 2020
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    Tax votes split 4-4

    With a competitive Democratic presidential primary and a Republican incumbent, eight counties saw an opportunity to get voter approval for a sales tax referendum. This was the first presidential primary year with more an incumbent Republican and an open field for Democrats and the results for sales tax votes reflected…
    Joseph Coletti, March 4, 2020