corporate income tax

How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations. At the John Locke Foundation, we have consistently championed…

As the 2020 election season gathers momentum, North Carolina’s tax reforms and demands for higher spending on any number of government programs will be front and center. One example is a…

The state budget battle has entered extra innings. Gov. Cooper signed and vetoed another batch of mini budgets, the ninth round of budget-related legislation since his first budget veto on…

In this research update, I take a closer look at revenues and expenditures in North Carolina over the past 20 years. I use actual collections and expenditures from the…

It is widely believed, with plenty of evidence to support the hypothesis, that tax cuts spur economic growth. Over the past six decades, tax cut legislation has been implemented by…

February is the true start of spring. Punxsutawney Phil “predicts” the longevity of winter. Pitchers and catchers report to spring training. Cherry trees blossom.  And in the North Carolina General Assembly,…

Since President Trump has taken office, economic growth rates have soared, 4.2 percent in the last quarter, and unemployment rates are the lowest in decades, at present 3.7 percent. In…

Tax reform is always a work in progress as legislators seek to raise revenue for the government without impeding the economy. Business taxes are particularly tricky, in part because businesses…

If money talks, then the state budget has a lot to say about education, health care, and public safety in North Carolina. These three areas take $21.9 billion of the…

Gov. Roy Cooper’s proposed budget for fiscal year 2018-19 [1] would spend $1.5 billion more than the current year, raise taxes, divert millions in other funds, increase dependence…