taxes

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    Senate Approves Tax Relief Bill

    Pop quiz: Should decisions about how the money you earn is spent be decided by: A) You and your loved ones in kitchen table conversations, or B) In committee meetings in Raleigh by self-interested politicians who have never met you That question is at the heart of every debate about…
    Brian Balfour, June 10, 2021
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    Taxing Businesses: Where does NC rank?

    Imagine being a business owner and trying to decide where to move or expand your business. State regulations, infrastructure, workforce, geography and many more factors will all weigh in your decision – including taxes. Corporate taxes, property taxes, sales taxes, unemployment taxes will all have an impact, and each one…
    Brian Balfour, May 5, 2021
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    Five Reasons North Carolina Needs a Taxpayer Bill of Rights

    Legislators last week introduced SB 717, Taxpayer Bill of Rights. The bill would put to a vote of the people in 2022 an amendment to the state constitution that would place sensible restrictions to the annual growth rate of the state budget. Below are five reasons North Carolina needs…
    Brian Balfour, April 19, 2021
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    State carbon tax proposal exposes progressives’ cognitive dissonance

    A bill sponsored by Sen. Wiley Nickel (D-Wake) would levy a tax on “any carbon-based fuel product sold, used, or entered into the State.” Fortunately, the bill isn’t expected to go anywhere this session. The “carbon tax” bill is designed to punish the use of greenhouse…
    Brian Balfour, April 9, 2021
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    N.C. Senate tax cut plan gives biggest break to lower-income families

    North Carolinians have been reeling from pandemic job losses and the related shutdowns. While many folks have had access to unemployment benefits and federal relief checks, it’s important to focus on the long-term outlook for financial stability and self-reliance. That’s exactly what a plan from state senators would do with…
    Donna Martinez, April 9, 2021
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    Do the wealthy really not pay their ‘fair share’ of federal taxes?

    The Tax Foundation is a great resource for factual data on who pays federal taxes — and who doesn’t. Be armed with the facts when you hear progressive Democrats such as our president call for tax hikes on higher earners because they don’t ‘pay their fair share.’ Let’s have…
    Donna Martinez, April 9, 2021
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    Does the Rescue Plan attack state sovereignty?

    Is Joe Biden and Congress trying to dictate tax policy to all 50 states? On Monday, Joe Coletti highlighted – among other reasons – that North Carolina should “just say no” to the federal funds included in the recently-passed American Rescue Plan Act because it potentially…
    Brian Balfour, March 17, 2021
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    Rock stars cash in to avoid Biden tax hike

    Bob Dylan. Lindsay Buckingham. Stevie Nicks. Bloomberg Businessweek reports these three are among the rock stars who’ve recently sold rights to their music. Dylan, who’s pushing 80, evidently has said no for years but recently decided to cash in with a $300 million deal. This kind of sale isn’t…
    Donna Martinez, February 25, 2021