Taxes (page 4)

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    New Carolina Journal Online features

    Dan Way reports for Carolina Journal Online on the latest attempt to relax North Carolina’s certificate-of-need restrictions. The Daily Journal highlights the impact of a proposal to raise North Carolina’s standard income tax deduction.
    Mitch Kokai, May 16, 2019
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    How to use one-time money

    Yesterday, the governor’s Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their latest consensus forecast, which includes the truly surprising April tax collections. Earlier reports suggested the revenue could be as much as $700 million higher than originally forecast. The final estimate is…
    Joseph Coletti, May 15, 2019
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    Senate tax cut package could get floor vote tomorrow

    Carolina Journal reports on the latest from Senate Bill 622: The Senate Finance Committee unanimously passed Senate Bill 622, the Tax Reduction Act of 2019, on Tuesday, May 14, and sent it to the Senate Rules Committee. Sen. Bill Rabon, R-Brunswick, Rules Committee chairman, told Carolina Journal the bill would be…
    Anna Manning, May 15, 2019
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    2019-21 House Budget: Looking Ahead

    The House increases spending faster than the pace since 2011, and prepares for more demands next fiscal year in education and Medicaid, but Gov. Cooper expects much slower spending growth than he has proposed in any of his first three budgets (3.0% vs 4.9% / 5.0% / 5.6%). Even with…
    Joseph Coletti, May 13, 2019
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    2019-21 House Budget: Capital and Infrastructure

    One of the most confusing things about the House budget is the State Capital and Infrastructure Fund (SCIF). It makes comparing the House plan with the Governor’s plan or with spending in previous years, a challenge, but here is how the House and Cooper handle capital spending and…
    Joseph Coletti, May 13, 2019
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    2019-21 House Budget: Appropriations and Availability

    You can read our Spotlight on the House Budget or, if you prefer tables and graphs, we have them below First, we compare appropriations and availability in the House budget with Gov. Cooper’s proposed budget. When we treat debt service similarly, we see the governor would have spent $600 million…
    Joseph Coletti, May 13, 2019
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    Rhode Island Governor plans business tax to fund Medicaid expansion

    The Wall Street Journal Editorial Board recently examined Gov. Gina Raimondo’s plan to tax businesses to pay for part of the state share of Medicaid expansion: Medicaid expansion under ObamaCare was sold as a free federal lunch for the states, but the bill is now coming due. Witness Gov.
    Jordan Roberts, May 6, 2019
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    Businesses as tax collectors

    Scott Hodge of the Tax Foundation highlights the outsized role businesses play as tax collectors. … American businesses are critical to the tax collection system at every level of government—federal, state, and local. Businesses either pay or remit more than 93 percent of all the taxes collected by…
    Mitch Kokai, May 6, 2019