Archives: David Tuerck, Paul Bachmann, and Michael Head

The John Locke Foundation asked The Beacon Hill Institute at Suffolk University (BHI) to use its North Carolina State Tax Analysis Modeling Program (NC-STAMP®) to analyze three state tax proposals. The tax changes would provide a powerful stimulus to the North Carolina economy. Employment would increase by 14,922 in 2012, and when fully implemented in 2013 would create 17,016 by leaving more money in the hands of the state’s households and businesses. The combination of individual income tax and sales tax changes would increase real disposable income by $1.1 billion in 2012 and $1.6 billion in 2013. (Revised May 10, 2011)

In 2007, the passage of Senate Bill 3 (SB 3) in North Carolina required that all of the state's public electric utilities increase the percentage of electricity generated from new renewable energy sources. The Beacon Hill Institute in conjunction with the John Locke Foundation has set out to estimate the costs and benefits of SB 3 and its impact on the state's economy.