investment

Capital gains taxes penalize saving, investment, and therefore entrepreneurship, by imposing a second layer of taxation on equity investment. The most straightforward way to end this bias is to eliminate the tax on capital gains completely.

Click here to view and here to listen to John Hood discussing his new book. RALEIGH — If North Carolina were a separate country, its economy would be…

Click here to view and here to listen to Dr. Roy Cordato discussing this Spotlight report. RALEIGH — North Carolina would boost economic growth and wealth creation by…

RALEIGH — As President Bush prepares to announce his $600 billion economic-growth package today at the Chicago Economic Club, local economists are pointing to proposed changes in the taxation of…

Gov. Easley's new incentives proposal would put political appointees into the position of doling out special tax breaks that amount to grants of taxpayer money to private businesses. Because of the unpredictable nature of a free-market economy, such a policy cannot claim to boost overall economic growth. A better policy would be to reduce North Carolina sky-high marginal tax rates on personal income, investment, and capital gains - which are among the highest in the country.