Taxes (page 3)

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    Tax cuts, innovation, and economic growth

    Paul Romer won the Nobel prize in economics for showing how innovation creates economic growth. A new working paper from Raj Chetty and his colleagues presents a model of how much innovation results from tax cuts. Their model suggests tax changes “have no impact on the decisions of star inventors,…
    Joseph Coletti, January 31, 2019
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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on state Senate leaders’ pay-as-you-go alternative to a statewide school construction bond. The Daily Journal explains how U.S. Rep. Alexandria Ocasio-Cortez’s proposal for higher marginal tax rates fails to account for major federal tax code changes.
    Mitch Kokai, January 31, 2019
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    Economic growth and…

    “Economic growth, while necessary, is insufficient to address many of the challenges of our 21st-century economy,” Abby McCloskey writes in National Affairs. She offers some policy suggestions to improve connections in community, make work pay, and reform entitlements to improve government finances. I don’t endorse all of them, but…
    Joseph Coletti, January 29, 2019
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    This weekend on Carolina Journal Radio

    North Carolina could take a modest step toward reforming its capital gains tax. Roy Cordato recommends capping that tax at its current rate. He explains why during the next edition of Carolina Journal Radio. As National School Choice Week concludes, Terry Stoops recaps North Carolina’s recent achievements…
    Mitch Kokai, January 25, 2019
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on a Raleigh rally celebrating National School Choice Week. Roy Cordato’s Daily Journal explains why it’s time to reconsider North Carolina’s franchise tax.
    Mitch Kokai, January 25, 2019
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    We’re No. 32! We’re No. 32!

    Here’s a case in which a lower ranking is better for North Carolina: It’s the Tax Foundation’s ranking of per-capita state and local tax collections. While we should be relatively happy that our total of $3,919 in state and local tax collections ranks below the middle of the pack…
    Mitch Kokai, January 23, 2019
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    Broken Promises in Buncombe: A-B Tech’s Missing Money

    When Buncombe County voters narrowly approved a 2011 sales tax hike, it was promised the funds would pay for a $130 million repair and renovation plan for Asheville-Buncombe Technical Community College. JLF’s Joe Coletti looks into the years-long diversion of revenue into the county’s general operating fund. None of…
    Donna Martinez, January 21, 2019
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    A return of the era of big government

    Editors at Investor’s Business Daily argue that leading Democrats have repudiated one of Bill Clinton’s most famous pronouncements. Remember “the era of big government is over“? Leading Democrats are pushing an agenda that would more than double the size of the federal government. This comes as…
    Mitch Kokai, January 21, 2019