TAX CUTS. HELP EVERYONE OR ONLY A CHOSEN FEW?

As conservative reformers in the Senate receive national praise for introducing a second round of broad based tax reduction to super charge job creation, Legislators face a clear choice. (FORBES 6/9/2015: North Carolina Lawmakers Build Upon Historic Tax Reform) Build on the tax rate reduction for all income taxpayers passed in 2013, the plan that is helping North Carolina create … Read More

WALL STREET JOURNAL NOTES JOB GROWTH AND BUDGET SURPLUS

The Wall Street Journal reports on the tough choices Governor McCrory and the conservative majority made to get our economy going in the right direction. Here’s the column: “Four years ago North Carolina’s unemployment rate was above 10% and the state still bore the effects of its battering in the recession. Many rural towns faced jobless rates of more than … Read More

JOSH STEIN AND THE HISTORIC PRESERVATION TAX LOOPHOLE

Senators like Josh Stein vote against across the board tax cuts for everyone. But Senator Stein says he’ll fight to keep tax breaks for investors in Historic real estate. (Raleigh News & Observer) Then maybe there’s no surprise the Revenue Department says Joshua H. Stein (Senator Stein’s full name ) received $42,000 in Historic preservation tax credits in 2011 for … Read More

MEDICAID EATS EDUCATION

Is growing Medicaid entitlement spending crowding out spending on education? Look at the numbers in the proposed House budget and make up your own mind. 2015 Base 2015 Appropriation 2016 Appropriation Increase Schools $8.106 billion $8.374 billion $8.456 billion $350 million 4.30% Medicaid $3.533 billion $3.770 billion $3.934 billion $401 million 11.40% Medicaid spending will grow nearly 3 times faster … Read More

BAD MATH AND THE RETURN OF THE DEMOCRATS

According to the News and Observer, the State House is considering a budget that increases General Fund spending $1.3 billion next year or 6.3%. Defending the 6.3% spending increase – the biggest since Chapel Hill Democrat Joe Hackney was Speaker of the House and Mike Easley was Governor – a Republican budget writer declared it in line with inflation and … Read More

REVENUE GAIN NO TIME TO GLOAT

We said News and Observer editorial page Editor Ned Barnett might be eating crow at his July Fourth cookout over his claims Republicans were digging a huge revenue hole by cutting taxes. (CPRNC) Now Mr. Barnett’s own newspaper reports a ballyhooed $270 million hole is now a $400 million surplus. (News & Observer) Conservative reformers are right. Fiscal responsibility, across … Read More

BEWARE WASHINGTON PROMISES TO PAY FOR MEDICAID EXPANSION

The left pushes expanding Medicaid to able bodied, childless adults who don’t work based on Washington’s promise to pay 100% of the cost for 3 years and 90% thereafter. But a report from Watchdog.org casts doubt on the something for nothing theory about Washington funding everything. The House Budget Committee Chair Tom Price is proposing repeal of Medicaid expansion in … Read More

A THOUGHT ABOUT REDISTRIBUTION

The newspapers who think it’s OK to tax some people at 50% while giving a tax refund to people who don’t pay taxes now say it’s unfair redistribution to split sales tax revenue based on population instead of where the sale occurred . But if someone from Johnston County shops in Wake County, why is it redistribution for the person … Read More

MANAGED CARE MEDICAID KEY TO BUDGET

A whole bunch of spending ideas are floating through the State House. Spending for Hollywood movie producers. And Community College scholarships. And tax breaks on old buildings. Spending on incentives. And low income housing. And deductions for seniors. Don’t forget everybody wants more for teachers and state employees. The Governor wants more for courts, textbooks, repairs and a rainy day … Read More

The Daily Reflector Gets It

The Daily Reflector in Greenville isn’t  in the habit of praising Republicans and we aren’t in the habit of praising the media. But read what they are writing about the tax policy conservative reformers are pushing to help the North Carolina beyond the Charlotte and Raleigh outer loops. Editorial: Sales-tax idea promising Greenville Daily Reflector – Thursday, March 26, 2015 … Read More