Taxes (page 3)

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    Forbes column touts N.C. tax relief, pans S.C. tax incentives

    Patrick Gleason of Americans for Tax Reform compares recent tax policy in North Carolina and South Carolina. As he shares with Forbes readers, the Tar Heel State takes a better approach. (I’ve added emphasis to Gleason’s quotation of the John Locke Foundation’s Roy Cordato.) The month of May…
    Mitch Kokai, June 3, 2019
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    2019-21 Senate Budget Overview

    The Senate budget incorporates the surprisingly large revenues from the current fiscal year that ends June 30 and higher forecast revenue for FY2019-20, but appropriates no more for operating expenses than the House did (Figure 1). Senate budget writers devote $397 million the first year and $713 million the second…
    Joseph Coletti, May 29, 2019
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    Poll: Most Want Smaller Government, Lower Taxes

    Rasmussen polled 1,000 likely voters. Here’s what pollsters found: A new Rasmussen Reports national telephone and online survey finds that 57% of Likely U.S. Voters favor a smaller government with fewer services and lower taxes over a more active one with more services and higher taxes. Thirty-two percent (32%)…
    Donna Martinez, May 29, 2019
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    Analyzing the Costs of Expanding Medicaid in North Carolina

    From JLF’s Health Care Policy Analyst, Jordan Roberts: Elected officials in North Carolina have debated Medicaid expansion for years. The question at hand is whether to accept a generous matching rate from the federal government to add roughly 500,000 new enrollees to the Medicaid rolls, which already serve over one-fifth…
    Anna Manning, May 24, 2019
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    Tax incentives for everyone, not just the favored few

    These findings make perfect sense. Otherwise, you'd have to think that politicians are (a) better at spotting investment opportunities than professional investors but (b) won't use their own money on these sure-winner investment opportunities because they want the state to reap all the benefits.
    Jon Sanders, May 23, 2019
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    CJ reports: Senate passes tax cut package; measure heads to House

    From Carolina Journal: The Senate approved the Tax Reduction Act of 2019 on a 28-13 vote on Monday, May 20, and sent it to the House. Last Thursday, the bill passed its initial vote by a 26-19 margin. Sponsors say Senate Bill 622 will reduce individual and corporate taxes…
    Anna Manning, May 21, 2019
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    Wine? Champagne? Beer? Bill would define hard cider and give it a tax cut

    That 7 percent threshold was hugely important for such an arbitrary cutoff. It was problematic for cideries for two reasons. One, cideries cannot perfectly control carbonation or alcohol content, but it’s normally between 5 and 8.5 percent. Two, producing a run with a little too much carbonation or alcohol content can result in enormous tax increases.
    Jon Sanders, May 20, 2019
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    Picking a side for hard cider to decide an excise tax rate

    A bill currently before the General Assembly, House Bill 995, would use the new federal definition of hard cider in order to tax it as beer instead of as unfortified wine.
    Jon Sanders, May 16, 2019