Taxes

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    This weekend on Carolina Journal Radio

    The John Locke Foundation and a dozen other free-market public policy groups across the country have joined forces to support a nationally important lawsuit. It’s designed to protect workers’ rights. Jon Guze discusses the case’s significance during the next edition of Carolina Journal Radio. Jon Sanders explains…
    Mitch Kokai, February 21, 2020
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    Who Wants to Raise Sales Taxes? And What Will They Do With Your $?

    Nearly every election cycle, a handful of counties place a sales tax referendum on the ballot. This primary season, four counties are doing just that: Wayne, Forsyth, Madison, and Chatham. This week, JLF’s Joe Coletti published a research brief examining how those counties plan to spend the money if these…
    Brenee Goforth, February 20, 2020
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    Snapshot of the Day: Why Your Paycheck Is Bigger

    Thanks to the Republican leadership of the General Assembly, North Carolinians are seeing our day-to-day hard work pay off in a very tangible way: multi-year North Carolina tax reform that results in more money in our paychecks, making life a little bit easier to manage. Dr. Roy Cordato gives…
    Donna Martinez, February 19, 2020
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    Wealthy preparing to vote with their feet

    David Lesperance writes about the potential impact of the 2020 presidential election on American wealth. The November election is clearly a ‘jump ball’ not only for POTUS but also the down-ticket senators, representatives and governors. But we do know that all of the Democratic candidates have now announced…
    Mitch Kokai, February 19, 2020
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    Making more sense of wealth tax’s impact

    Alan Viard and Erin Melly of the American Enterprise Institute try to help people translate wealth tax proposals into more familiar terms. Although the wealth taxes proposed by two prominent Democratic presidential candidates have drawn wide attention, the discussion has not always made clear that wealth tax rates…
    Mitch Kokai, February 17, 2020
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    High property taxes are the hangover of local spending

    North Carolina has a number of policies and practices to ensure budget sustainability for local governments and their taxpayers. Sales tax increases must be approved by voters at times when every precinct votes, which generally means in primaries or general elections and are acknowledged to be for general purposes. The…
    Joseph Coletti, February 14, 2020
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    Borrowing without taxpayer permission could raise costs 20 percent

    Although Wake County projects enrollment to grow just 0.7% over the next six years, commissioners still plan to borrow money for school construction this year. They plan to do it without a vote of taxpayers, which would mean a 20% larger tax increase to cover higher interest…
    Joseph Coletti, February 13, 2020
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    Cooper continues to choose the wrong combo of corporate welfare and taxes

    Gov. Roy Cooper's policies on corporate taxes and corporate welfare can seem confusing at first. In January, he continued his befuddling practice of approving millions of dollars to individual corporations while complaining about corporate tax cuts.
    Jon Sanders, February 12, 2020