Two House Budget Provisions That Should Not Make It to Conference Committee | Beaufort County Now | The reasoning behind the bill, as laid out in the bill’s language, is that “too many North Carolina citizens have no or inadequate savings for retirement.”

Coronavirus Disease 2019 (COVID-19)
Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Brian Balfour.

    As the House finalizes the votes on their budget plan (see a general overview HERE), there are a couple provisions receiving little fanfare that should not be included when the conference committee hammers out its final budget proposal:

    Establishment of a state government run retirement plan for private sector employees. This idea was first introduced earlier this session in HB 899. The bill would establish a retirement fund to be managed and administered by the state government, to be offered to private sector employees working for companies that don't offer retirement funds.

    The reasoning behind the bill, as laid out in the bill's language, is that "too many North Carolina citizens have no or inadequate savings for retirement."

    I wrote last month about why the bill is a bad idea, explaining that "Running a retirement fund for private sector employees simply falls outside the proper core functions of state government." Moreover, with countless options for investing retirement savings at your fingertips, this not only smells like a solution in search of a problem, it would also place state government in competition with the private sector. The reasons for a lack of retirement savings among workers may be several, but a lack of options is not one of them.

    Expansion of the film grant program. Film grants are taxpayer-subsidized corporate welfare, primarily benefitting Hollywood production companies. Indeed, economic analysis finds that states offering film grants as incentives get a negative return on such bribes...I mean "investments."

    The House budget plan would make it easier for film production projects to receive a taxpayer handout, while increasing the total maximum amount a company filming a television series can receive.

    Recent research found that for every dollar of film grants North Carolina doled out, we only received 22 cents in state revenue.

    More importantly, such targeted handouts are grossly unfair by privileging a few politically favored projects at the expense of everyone else. Rather than further politicizing the state's economy, legislators should focus on leveling the playing field and continuing to improve North Carolina's welcoming and competitive business climate.
Go Back


Latest Op-Ed & Politics

Florida Republican Governor Ron DeSantis slammed Democrat President Joe Biden in remarks this week during an interview, saying that there were a lot of problems around the country with “Brandon,” a name used to mock Biden, in office.
Jeffrey Epstein, the wealthy pedophile who was found dead in his New York City jail cell in 2019 as he faced new criminal charges, reportedly visited then-President Bill Clinton’s White House numerous times and brought several women.
On the Fourth of July, Missouri Congresswoman and outspoken ‘Defund the Police’ advocate, Cori Bush tweeted this statement.
Democratic U.S. candidate Cheri Beasley tweeted Wednesday that if she had been in the Senate, she would have voted in favor of the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act.
Judges in redistricting trial refused to sanction defendants over maps drawn by Rep. Destin Hall and staffers during "strategy sessions."
The Republican Lieutenant Governors Association (RLGA), a caucus of the Republican State Leadership Committee, today announced its 2022 Executive Committee.


even France announces it may move in same direction
The General Assembly returned to Raleigh this week to act on two pieces of legislation including HB 605
Less than a week before lawyers on both sides of the case were scheduled to head to the N.C. Court of Appeals, a lawsuit challenging key decisions in North Carolina’s Medicaid “transformation” is going away.
Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on Biden’s disastrous first year in office
I see that Ernie had a fund raiser in Bath Saturday night that was well attended by his staff and a few other people.
The World, the "President's" constituents, and America's patriots got a full on dose of something not witnessed in my lifetime - the roadmap for the dissolution of a presidency, and as intellectually frail as it might have appeared, it is now in the pronounced period of dénouement.
On Friday, the Biden administration revealed it has information indicating Russia has planted operatives in eastern Ukraine to conduct a false-flag operation in order to provoke a Russian intervention.
Today’s oral arguments at the U.S. Supreme Court about the Biden administration’s vaccine mandate produced a fascinating exchange, courtesy of Justice Amy Coney Barrett.


A new report states that a female captain who was allowed to return to training after she quit and still might become the Air Force’s first woman to complete elite special tactics training
Special forces train to fight freedom fighters
Near the conclusion of a COVID-19 update he gave on Thursday, President Biden called for social media censorship of what he called “the misinformation and disinformation that’s on your shows.”
On Tuesday, Fox News host Tucker Carlson took aim at Dr. Anthony Fauci, calling him a “filthy little demagogue” after Senator Rand Paul (R-KY) had confronted Fauci earlier in the day at a Senate hearing.
A new Rasmussen poll finds that a majority of likely Democratic voters favor taking strong action against Americans who are not vaccinated against COVID-19, including fines and home confinement.
America's most ignorant combination of president and vice president in modern history are unelectable after one year, and for the smarter half of our Republic's electorate, we should feel significantly better about our fellow citizens.
Two Western Carolina University (WCU) students who work as Resident Assistants (RA) for the school say they have been mocked by faculty and received death threats after they spoke out against the school’s “woke” racial and gender training.


Back to Top