Taxes

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    Legalizing hemp requires an exemption from a strange tax

    The Farm Bill of 2019 would establish a state plan for the regulation, cultivation, and handling of hemp products. One of the steps necessary to do that requires exempting people from having to pay the Unauthorized Substances Tax. The what tax? Exactly.
    Jon Sanders, June 24, 2019
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    Unanimous U.S. Supreme Court rules against N.C. Revenue Department in tax dispute

    A case involving partisan gerrymandering has grabbed the headlines, but the U.S. Supreme Court already has ruled this month against the state of North Carolina in a different dispute. Specifically, a unanimous high court ruled that the N.C. Department of Revenue was wrong to assess $1.3 million in income…
    Mitch Kokai, June 23, 2019
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    Local governments still don’t need to get in the broadband business

    Cross-subsidization, unfair competition, and taxpayers being on the hook for service costs were particularly bad problems leading to the Level Playing Field Law in 2011. But look what HB 431 would do.
    Jon Sanders, June 21, 2019
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    Medicare and Medicaid: rewarding failure

    David Balat and Dr. Deane Waldman of the Texas Public Policy Foundation wrote an interesting op-ed which discusses some of the problems with government-run health care. In particular, why it’s crazy for Americans to think growing these programs is a good idea. The piece starts off by…
    Jordan Roberts, June 20, 2019
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    Coletti Comments on “Project Bear,” A Secretive Attempt from North Carolina to Attract more from Apple

    WRAL reported on North Carolina’s elusive efforts to recruit Apple to the state. Even though Apple announced they were placing their new campus in Texas, WRAL’s investigative reporter, Tyler Dukes, reports Wake County and the Department of Commerce are still trying to woo Apple into North Carolina in an effort…
    Brenee Goforth, June 20, 2019
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    Yes, there is a federal debt crisis

    The lack of attention given to the national debt crisis by politicians, pundits, and policymakers is always disheartening to me – and it is a crisis. Make no mistake, Republicans and Democrats are guilty of contributing to this problem. The importance of responsible government spending was…
    Jordan Roberts, June 19, 2019
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    Can higher property taxes in Orange County save the planet?

    Could Orange County do anything to influence the world's climate, with or without resorting to higher taxes? Do the math; the answer is a clear no. But they can make things more expensive for residents.
    Jon Sanders, June 19, 2019
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    Monetary policy, taxation, and power

    Steve Forbes focuses in Forbes magazine on the links between money and power. Historians and pundits routinely overlook the fundamental importance of monetary policy and taxation in the rise and fall of great powers. They churn out countless books on strategy, growing or declining economic strength, weapons systems,…
    Mitch Kokai, June 17, 2019