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My previous research brief discussed that last year Gov. Roy Cooper pledged over $1.3 billion in corporate welfare to just 58 corporations from state “economic development” incentives programs whose stated purposes are about “job creation.”
Published: Monday, January 24th, 2022 @ 9:56 am
By: John Locke Foundation
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The economic costs of corporate tax incentives outweigh their benefits, a new study by N.C. State University researchers says.
Published: Thursday, May 30th, 2019 @ 5:23 pm
By: Carolina Journal
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Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
Published: Tuesday, May 22nd, 2018 @ 4:29 pm
By: Civitas Insitute
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The incentives game just keeps getting worse. It used to be that state and local governments would put together a package to help lure a large company for a major project bringing significant numbers of new jobs to an area
Published: Monday, April 16th, 2018 @ 4:33 pm
By: John Locke Foundation
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If you think corporate incentives are only used to attract businesses, think again
Published: Saturday, March 3rd, 2018 @ 1:16 pm
By: John Locke Foundation
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North Carolina lawmakers would harm, not help, the state's economic growth if they extend and expand corporate tax incentive programs.
Published: Wednesday, May 13th, 2015 @ 10:01 pm
By: John Locke Foundation
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At their convention this weekend, Second Congressional District Republicans passed a resolution condemning the use of taxpayer money to, um, "persuade" businesses to come to North Carolina or to expand within the Tar Heel State.
Published: Tuesday, April 28th, 2015 @ 1:18 pm
By: Brant Clifton
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Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Published: Monday, March 23rd, 2015 @ 10:29 pm
By: John Locke Foundation
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State lawmakers have started reviewing Gov. Pat McCrory's budget proposal for the 2015-2017 biennium. It sets out McCrory's General Fund spending plan for $22 billion in each of the next two fiscal years. The General Fund makes up a significant chunk of the overall state budget of more than...
Published: Tuesday, March 17th, 2015 @ 12:18 pm
By: John Locke Foundation
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House speaker Thom Tillis and his team, Gov. Pat McCrory, and scores of big names in the state's business establishment have been harping on the alleged importance of customized, special incentives to lure new business - from TV and movie productions to industry - to North Carolina.
Published: Monday, September 1st, 2014 @ 3:26 pm
By: Brant Clifton
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Well, the effort to bring party disloyalty into the debate on HB 1224 blew up rather unceremoniously. Apparently, some "pain-in-the-ass-teabagger web site" spilled the beans before the plan could get underway.
Published: Monday, September 1st, 2014 @ 9:54 am
By: Brant Clifton
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The N&O chronicles the movie industry crybabies as they pack up to leave North Carolina in the wake of a state decision to trim and streamline benefits for filming in the state
Published: Wednesday, August 13th, 2014 @ 10:35 am
By: Brant Clifton
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The city of Charlotte and Mecklenburg County have approved a proposal giving Cedar Fair Entertainment, the corporate owner of the Carowinds amusement park, $922,468 in incentives over the next three years to help the park build new rides and attractions. The city council approved its $330,000...
Published: Wednesday, October 2nd, 2013 @ 12:08 am
By: John Locke Foundation
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North Carolina's corporate income tax violates basic principles of sound economic policy and open government.
Published: Thursday, August 23rd, 2012 @ 8:22 pm
By: John Locke Foundation
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