Archive | Economy

TAX CUTS BOOST REVENUE

Do tax cuts blow up the budget? History says no. In FY 2014, Fiscal Research projected revenue collections in the future. And then the conservative majority cut taxes. With tax cuts, actual revenue still exceeded the projections made before the tax cuts were passed. Faster economic growth generates government revenue and tax reduction helps the […]

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RECRUIT AMAZON TAX REFORM?

Buried in the Senate’s Billion Dollar middle Class Tax Cut is a corporate tax change rewarding companies that invest and create jobs in North Carolina, while penalizing companies that simply ship products to North Carolina consumers from out of state without necessarily investing anything here. The reform is called Market Based Sourcing, but it ought […]

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CORPORATE TAX RATES MATTER

The media would like us to think lower corporate taxes won’t affect business expansion and job creation. But just check out this list of American corporations that transferred to other countries with lower taxes using a process called inversion. That’s powerful evidence tax rates do matter. Conservative reformers began cutting corporate tax rates in 2013 […]

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CHOICES AND COOPERATION

In his budget and State of the State address, Governor Cooper dumped a grab bag full of spending notions on the table while avoiding choices. Example: The Governor wants double-digit raises for teachers who already average about $50,000 a year. Equal raises for good teachers and bad teachers. Nothing about rewarding our best with bigger […]

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THE LAZY AND THE GREEDY AGAINST THE NEEDY

Anyone glancing at statistics on student debt will conclude millennials are having a rough time financially. So we raised an eyebrow when the UNC Faculty Assembly trashed the Board of Governors and the Legislature for a myriad of sins, demanding accreditation agencies stop the push for reform in the UNC System. Among the sins the […]

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VOTERS SUPPORT TAX RATE CAP

According to a new poll, 68% of North Carolina voters want to limit the power of politicians to raise taxes with a Constitutional Amendment capping income tax at 5.5%. That’s a five-point increase in voter support for a tax limitation since last year. It’s a no-brainer. By reducing Governor Perdue’s sky-high taxes and leaving more […]

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