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The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
Published: Tuesday, May 2nd, 2023 @ 5:00 pm
By: Carolina Journal
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North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state.
Published: Thursday, February 23rd, 2023 @ 10:28 pm
By: John Locke Foundation
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As tax reform heats up across the country, high-tax states should take notice
Published: Monday, August 22nd, 2022 @ 1:04 pm
By: John Locke Foundation
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Gov. Roy Cooper’s shutdown orders have produced difficult economic times for North Carolina families and businesses.
Published: Wednesday, October 28th, 2020 @ 4:26 am
By: Civitas Insitute
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WRAL reported this weekend about a new report which ranked North Carolina as the best place to do business in the South, and 6th best nationally.
Published: Wednesday, February 19th, 2020 @ 9:20 am
By: Civitas Insitute
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When defending their pay-as-you-go statewide school construction plan, Republican legislators sometimes appear perplexed.
Published: Saturday, July 13th, 2019 @ 10:37 am
By: Carolina Journal
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The nonprofit and nonpartisan organization Truth in Accounting (TIA) recently released its “Financial State of the States” report. The report ranks states based on their ability or failure to meet outstanding financial obligations
Published: Thursday, October 4th, 2018 @ 10:41 am
By: Civitas Insitute
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This November, North Carolina voters will decide on a constitutional amendment to lower the state's income tax cap from 10 percent to 7 percent
Published: Thursday, September 27th, 2018 @ 2:04 am
By: Civitas Insitute
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Voters must look beyond candidates' statements and official policy positions to find those who emulate Walter Mondale. This is especially true when considering Mondale's views about raising taxes
Published: Tuesday, July 10th, 2018 @ 10:37 am
By: John Locke Foundation
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Recent tax reform passed by Republicans in Congress and enthusiastically signed by President Trump, went a long way toward fixing what had become a federal tax system that was discouraging work effort, investment, and entrepreneurship
Published: Monday, February 12th, 2018 @ 10:15 pm
By: John Locke Foundation
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Today, North Carolina State Representative Beverly G. Boswell (R-Dare) formally announces her plan to seek re-election to the North Carolina General Assembly representing N.C. House District 6 - covering Currituck, Dare, Hyde and Pamlico counties
Published: Monday, February 12th, 2018 @ 5:30 pm
By: Stan Deatherage
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The $23 billion House and Senate budget compromise will include a 3.1 percent increase in spending in the 2017-18 budget year, which is higher than the two chambers agreed to several months ago when budget writing began
Published: Friday, June 23rd, 2017 @ 8:17 am
By: John Locke Foundation
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Stark differences in conservative Republican and liberal Democratic fiscal priorities were clearly on display during a Senate Finance Committee meeting Wednesday at which a $1 billion tax cut package was approved by voice vote
Published: Tuesday, April 4th, 2017 @ 4:03 am
By: John Locke Foundation
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To assess Pat McCrory's four years as governor we must begin in 2012. McCrory was a popular, moderate Charlotte Mayor, leading the Queen City during a time of explosive growth
Published: Monday, January 9th, 2017 @ 12:49 am
By: Tom Campbell
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Hurricane Matthew still sits a couple of days away from the North Carolina coast, and those in its projected path root for the storm to turn to the east
Published: Friday, January 6th, 2017 @ 9:43 am
By: John Locke Foundation
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An effort to cap the state income tax rate was removed quietly from the Senate's calendar on Wednesday, one day after that body's Finance Committee gave the proposed change to the N.C. Constitution a thumbs up
Published: Monday, June 20th, 2016 @ 9:18 am
By: John Locke Foundation
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Regardless of one's opinion on HB 2, it cannot overshadow or remotely counteract what North Carolina has done legislatively over the last five years to become one of the most attractive places in the country to do business, invest, live, raise a family, and retire. Since Republicans took control...
Published: Wednesday, April 27th, 2016 @ 11:59 pm
By: Chris Downey
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In 2013, Governor Pat McCrory and the General Assembly instituted historic tax reform by reducing the personal income tax for all North Carolinians, reducing the corporate tax rate, and eliminating the death tax
Published: Monday, April 18th, 2016 @ 11:33 pm
By: John Locke Foundation
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North Carolina lawmakers should take aim at the state's current system of depreciation, as they look for more ways to improve the tax code
Published: Tuesday, January 12th, 2016 @ 3:16 pm
By: John Locke Foundation
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North Carolina lawmakers should take aim at the state's current system of depreciation, as they look for more ways to improve the tax code.
Published: Sunday, January 10th, 2016 @ 2:03 pm
By: John Locke Foundation
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Building on transformational reforms begun in 2011, North Carolina's elected leaders continued changes in 2015 to curtail spending, instill fiscal responsibility, rein in regulations, improve education, make government open and accountable, and create the best possible conditions for economic growth
Published: Thursday, January 7th, 2016 @ 5:15 am
By: John Locke Foundation
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In recollecting 2015, I remember legendary CBS Newsman Walter Cronkite, who closed each evening's newscast by saying,
Published: Thursday, January 7th, 2016 @ 3:38 am
By: Tom Campbell
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State taxpayers will pay $400 million less over the next two years if lawmakers pass a $21.735 billion state budget deal announced Monday by legislative leaders. The 2016-17 state budget also expands the sales tax base to include more repair and service work to help offset the tax rate reductions.
Published: Thursday, September 17th, 2015 @ 3:26 am
By: John Locke Foundation
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Senate leaders on Monday began rolling out their proposed $21.47 billion General Fund budget that has some stark differences from the spending plan put forth by their House counterparts.
Published: Thursday, June 18th, 2015 @ 6:32 pm
By: John Locke Foundation
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The news that state revenue collections are coming in at $400 million above projections could signal a cut in the corporate tax rate for next year.
Published: Monday, May 11th, 2015 @ 4:38 pm
By: John Locke Foundation
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Tax reform advocates have found much to like in some key provisions to a broad tax package proposed by three state Senate leaders in March.
Published: Wednesday, April 15th, 2015 @ 6:06 pm
By: John Locke Foundation
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Nine Republicans are seeking to succeed 6th District U.S. Rep. Howard Coble, who's retiring after 15 terms in Washington. The winner of the May 6 GOP primary - and a possible July 15 runoff if no candidate gets at least 40 percent of the vote - will face the winner of the Democratic...
Published: Monday, May 5th, 2014 @ 5:43 am
By: John Locke Foundation
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Last month, the U.S. Senate held a committee hearing on offshore tax evasion and published a report stating that foreign tax havens have cost the United States $150 billion a year in lost revenue. The report didn't include any information about the states' tax losses, yet states have the ability...
Published: Monday, March 17th, 2014 @ 7:22 pm
By: John Locke Foundation
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North Carolina's new tax reforms help set the stage for long-term economic growth in the state.
Published: Friday, October 25th, 2013 @ 2:10 am
By: John Locke Foundation
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For decades North Carolina's tax system has needed a major overhaul. A model of hodgepodge tax policy, it has featured high rates for most taxpayers and special exemptions for the few. It has penalized economic growth and discouraged job creation.
Published: Sunday, October 13th, 2013 @ 4:21 pm
By: John Locke Foundation
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North Carolina's new tax reforms help set the stage for long-term economic growth in the state. That's the assessment of the John Locke Foundation's top tax expert, who analyzes the reforms and suggests future improvements in a new Spotlight report.
Published: Friday, September 27th, 2013 @ 1:47 pm
By: John Locke Foundation
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As the dust settles on the landmark 2013 North Carolina legislative session, conservatives can look upon the accomplishments of the state legislature and find much to celebrate.
Published: Wednesday, July 31st, 2013 @ 8:05 pm
By: Civitas Insitute
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After a highly productive legislative long session, the North Carolina Senate concluded its substantive business early Friday morning after passing many long-overdue reforms to improve North Carolina's public schools, rebuild our economy and restore our place as a leader in job growth.
Published: Friday, July 26th, 2013 @ 3:42 pm
By: Stan Deatherage
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Senate tax writers stepped closer Monday to reform proposals adopted by their House counterparts. The Senate Finance Committee's actions lifted hopes that a compromise could be pieced together before the General Assembly adjourns this summer.
Published: Tuesday, July 2nd, 2013 @ 4:33 pm
By: John Locke Foundation
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