Tax Reform
Tax-Hike Claim Is Absurd
Guest post by John Hood Although hostilities have been underway for some time, I hereby issue a formal Declaration of War against silly, uninformed talking points repeated endlessly in North Carolina politics. In an earlier column, I cited the example of the state’s unemployment rate. How many times have you heard that claim that North […]
The NC Economy: 2011 vs. Now
Posted on
by
admin
in
Budget, Economy, General Assembly, Government Reform, Jobs, North Carolina, Regulatory Reform, Tax Reform, Taxes, Unemployment Reform
Special thanks to Representative Tom Murry for providing us with this infographic. Click on the image to open a high-resolution PDF.
Throwback Thursday: Sales Taxes
Posted on
by
admin
in
Business, Economic Development, Economy, Local Government, Tax Reform, Taxes, Throwback Thursdays
It wasn’t that long ago when the very same people who are now lambasting the General Assembly for broadening the sales tax base were saying that raising the sales tax rate on everybody was a good idea. In fact, they liked increasing the sales tax so much they tried to do it twice in just […]
Tax Day 2014
This year’s tax reform efforts will lead to a tax cut for the average North Carolina household in every income category. The benefits from these changes will more than compensate for any minor expansions of the sales tax base or the end of the state’s Earned Income Tax Credit (which amounts to an average of […]
There’s a Tax For That!
Posted on
by
admin
in
Business, Economic Development, Economy, Government Reform, Local Government, Municipal Government, Tax Reform
The Revenue Laws Study Committee, a bipartisan group comprised of members of both the House and Senate, met early this morning to discuss what are known as “privilege license taxes.” A privilege license tax is an additional fee that’s imposed on business owners by city governments for the “privilege” of either locating a business within a […]
Tax Cuts for All
Tax Reform Means Savings to All NC Income Groups The average North Carolina household in every income category received a tax cut from the 2013 tax reform. In 2015 households earning less than $25,000 will have $79 million in tax savings from the 2013 tax reform. Households earning less than $50,000 will save more than […]
From Governor Pat McCrory
[youtube_sc url=http://youtu.be/vPYe7FPbwzA rel=0 fs=1 autohide=1 modestbranding=1 width=590 ]
Committee Updates
Posted on
by
admin
in
Committees, Economic Development, Economy, Environment, House of Representatives, Tax Reform
During the month of November, House and Senate members return to Raleigh to resume their specific studies during the interim. This month, subcommittees began reporting their findings as members had an opportunity to examine, critique and offer refinements to existing law. Joint Legislative Economic Development and Global Engagement Oversight Committee The Joint Legislative Economic Development […]
Reforming the Tax Code
On July 23, 2013, Governor McCrory signed into law landmark legislation that cuts income tax rates for all North Carolina’s taxpayers — and replaces the existing complicated system with a single Flat Tax. With the already lower state sales tax rates passed last session, it’s estimated that this year’s tax reform efforts will save North […]