taxes

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    Allow taxpayers to opt out of tax refund plan

    North Carolina lawmakers are considering legislation that would refund $900 million to taxpayers.  Carolina Journal reporter Lindsay Marchello writes, The bill intends to refund $900 million in surplus tax revenue. Lawmakers learned earlier this summer that income-tax payments and sales-tax collections ran higher than expected. Republican legislative leaders want…
    Terry Stoops, August 28, 2019
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    Can Medicaid handle another recession?

    A new budget for fiscal years 2019 and 2020 is currently working its way through the North Carolina General Assembly (See here and here for more). Lots of discussions during budget negotiations have focused on long term sustainability…
    Jordan Roberts, June 4, 2019
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    Forbes: Raleigh one of the best cities for business

    Forbes has released its 20th annual ranking for the “best places for business and careers” in America. For the third straight year, Raleigh remains in the second position, only behind Seattle. Forbes ranks the potential cities by measuring factors such as business and…
    Jordan Roberts, October 25, 2018
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    Do Republicans and Democrats really agree on education issues?

    The latest High Point University Poll concludes that “NC Republicans and Democrats agree on education issues.”  That’s news to me. After an examination of the poll, I suspect the supposed agreement is a consequence of the pollsters’ decision to focus on benefits and not costs.  For example, Q: The…
    Terry Stoops, March 9, 2018
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    US News Points to North Carolina as Tax Reform Done Right

    Writing for US News, Jared Walczak explains why North Carolina is a model for tax reform. North Carolina’s overhaul of its tax code yielded the most dramatic improvement in the “State Business Tax Climate Index’s” history, with the state’s ranking improving from 41st to 11th since 2013. More significantly,…
    Donna Martinez, November 2, 2017
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    Tax Foundation Comparison Offers New Ammo For Tax Reformers

    The folks at the Tax Foundation just released their annual International Tax Competitiveness Index, giving conservatives and entrepreneurs new ammunition in their call to reform and streamline the U.S. tax code. The United States ranked 30th of the 35 nations in the Organization for Economic Cooperation and Development, with…
    Rick Henderson, October 31, 2017
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    Who Benefits From The Federal Tax Reform Proposal?

    JLF’s Joe Coletti offers a primer on key components of proposed federal tax relief for middle-class families and businesses. He explains why the plan would make taxes simpler for most and offers suggestions for improvement. First, it reduces the number of tax brackets from seven ranging between 10 percent and 39.6 percent, to three brackets…
    Donna Martinez, September 29, 2017
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    Adopting a Tax Policy Hippocratic Oath: First Do No Harm

    JLF’s Roy Cordato writes that while Republicans in the state legislature have jettisoned the leftist approach to social justice in designing the structure of marginal tax rates, they have not completely rejected the idea of building progressivity into the tax system. He explains in this piece: First, from a philosophical…
    Donna Martinez, June 26, 2017