Taxes (page 7)

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    The Right AOC on Point: Senate Plan Would Create Billions in Savings for N.C. Taxpayers

    John Locke Foundation CEO Amy Cooke, “The Right AOC,” describes the benefits of the N.C. Senate’s latest tax reform plan. Contact Amy at [email protected] Follow her at https://www.facebook.com/TheRightAOC and https://twitter.com/TheRightAOC.
    Mitch Kokai, May 27, 2021
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    First, fix the roads

    In his recent report on state transportation spending, Randal O’Toole agrees with the NC FIRST Commission that the state should move from the gas tax to a mileage-based user fee for road funding but questions the commission’s assumptions on how much money the state needs. John Hood wrote in…
    Joseph Coletti, May 26, 2021
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    N.C. Featured in Forbes Article About States With Fiscal Restraint

    Patrick Gleason of Americans for Tax Reform cites North Carolina in his latest Forbes column. As Congress and the Biden White House push for an unprecedented increase in federal spending, Republicans in opposition grapple with the fact that the GOP significantly ratcheted up federal spending during President Donald…
    Mitch Kokai, May 26, 2021
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    Senate Proposes to Restart Tax Reform

    It has been four years since the legislature last passed a significant tax reform. Key senators hope to get back on track this year. Senate Finance Chairs Paul Newton, Bill Rabon, and Warren Daniel discussed their plan in a press conference this morning. JOBS Grants The biggest item would…
    Joseph Coletti, May 25, 2021
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    Why Not an Earned Income Tax Credit?

    A state EITC would inherit the costs of the federal program without adding to the benefits, making it of questionable value. Legislators would get more bang for the buck by increasing the child tax deduction or expanding the zero-tax bracket. Here’s why. Despite bipartisan support for…
    Joseph Coletti, May 21, 2021
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    COVID-19 Gives Feds Excuse to ‘Take Hostages’

    Attorney David Lesperance shares his concerns about recent federal government policy. He just issued the following news release: US GOVERNMENT TAKING HOSTAGES: The US Government are using COVID as an excuse to block citizens from renouncing David Lesperance, Immigration and Tax expert, investigates how the US government has been…
    Mitch Kokai, May 14, 2021
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    Mostly good news in rules on ARPA spending and taxes

    On Monday, the US Treasury Department released an “interim final rule” on what states can do if they take money from the American Rescue Plan Act (ARPA). Based on the rule and the Tax Foundation’s summary, here are a few key points for North Carolina legislators and Gov. Roy…
    Joseph Coletti, May 11, 2021
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    Corporate welfare recipient fined for sharing military specs with China

    As reported here: US defence contractor Honeywell has been fined US$13 million for harming national security after sharing technical information about American fighter jets and other military aircraft with China and other countries. Honeywell said it “inadvertently shared” the technology during “normal…
    Brian Balfour, May 6, 2021