Taxes

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    Mortgage Interest Deduction

    Jonathan Gruber may not have the best reputation for open and honest policy-making because of his role in creating ObamaCare, but he continues to provide interesting economic analysis. His latest working paper finds that the mortgage interest deduction does little to promote home ownership. Instead, it induces people to…
    Joseph Coletti, July 24, 2017
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    Change federal policies to help the economy grow

    John Cogan, Glenn Hubbard, John Taylor, and Kevin Warsh of the Hoover Institution believe changes in key federal policies could produce significant improvement in economic growth. Economic theory and historical experience indicate economic policies are the primary cause of both the productivity slowdown and the poorly…
    Mitch Kokai, July 24, 2017
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    This weekend on Carolina Journal Radio

    North Carolina lawmakers and law enforcement agencies are placing a new emphasis on fighting human trafficking. Rick Henderson explains how they’re pursuing that goal during the next edition of Carolina Journal Radio. Joseph Coletti examines claims that the N.C. state budget will feature a $1 billion…
    Mitch Kokai, July 21, 2017
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    Fewer taxpayers in 2019

    A new Fiscal Research Division analysis finds that increasing the standard deduction in 2019  means 230,000 more people will not owe state income taxes than in 2012, before tax reform began. Compared to this year, 95,000 more people will have no tax liability.
    Joseph Coletti, July 20, 2017
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    Still no budget crisis

    Back in April, we looked at a report on the long-term impact of the Senate’s proposed tax cut and concluded that there was no budget crisis on the horizon. A new look at the budget over the next five years means we need to reiterate the same points. A…
    Joseph Coletti, July 11, 2017
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    A border-adjustment tax update

    Joseph Lawler and David Drucker of the Washington Examiner offer an update on the controversial proposal for a federal border-adjustment tax. On June 9, appearing at the Heritage Foundation think tank, [U.S. Rep. David] Brat and his Freedom Caucus colleagues delivered a blunt message that House Speaker…
    Mitch Kokai, July 11, 2017
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    Federal welfare for poor states

    Robert Verbruggen explains at National Review Online why he opposes a proposal to dole out more federal tax money to poorer states. In the summer issue of National Affairs, Joshua T. McCabe notes that some states have higher “fiscal capacities” than others, meaning they have richer residents and…
    Mitch Kokai, July 11, 2017
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    But I thought the governor said businesses don’t pay attention to taxes

    A New York-based outfit dubbed Fit Small Business begs to differ. Danielle Chemtob reports for the Triangle Business Journal. Entrepreneurs and business owners need look no further than the Tar Heel state to set up shop — North Carolina came out on top in a new study of the…
    Mitch Kokai, July 5, 2017