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211 Results found for corporate welfare

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All news accounts described the recently passed state budget as spending $30 billion
 
Nearly three months into the fiscal year, a budget bill has finally arrived
Nearly three months into the fiscal year, a budget bill has finally arrived
 
Latest Example Further Demonstrates the Folly of Government Corporate Welfare
 
On Friday, both chambers of the state legislature sent House Bill 259, the state budget, to Gov. Roy Cooper’s desk for his signature.
On Friday, both chambers of the state legislature sent House Bill 259, the state budget, to Gov. Roy Cooper’s desk for his signature.
 
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
 
North Carolina continues to make headlines for its economic development incentives
 
Conservative legislators in North Carolina have notably improved our state’s tax code over the past dozen years. Significant tax cuts and reforms have enabled NC to outcompete most other states economically and make it far more attractive for job creation and investment.
Conservative legislators in North Carolina have notably improved our state’s tax code over the past dozen years. Significant tax cuts and reforms have enabled NC to outcompete most other states economically and make it far more attractive for job creation and investment.
 
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade.
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade.
 
The Tax Foundation releases annual list of best states for businesses in terms of tax benefits
The Tax Foundation releases annual list of best states for businesses in terms of tax benefits
 
And interstate compacts may be one way to protect business
 
Diverting scarce resources to failed projects represents waste in our economy
 
WRAL TechWire yesterday published my column on the surge in billion-dollar corporate welfare giveaways in North Carolina over the past year.
WRAL TechWire yesterday published my column on the surge in billion-dollar corporate welfare giveaways in North Carolina over the past year.
 
Increasing productivity is the key to wealth creation
 
According to the latest press release from the Governor’s press office, Governor Roy Cooper pledged $1.2 million in taxpayer dollars to a battery company for their expansion.
According to the latest press release from the Governor’s press office, Governor Roy Cooper pledged $1.2 million in taxpayer dollars to a battery company for their expansion.
 
Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs
Lower income taxes allow people to keep more of their hard-earned money and spend it on their needs
 
The House of Representatives passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act on Thursday, despite opposition from Republicans who argued that the bill would funnel billions in taxpayer money toward corporations.
The House of Representatives passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act on Thursday, despite opposition from Republicans who argued that the bill would funnel billions in taxpayer money toward corporations.
 
Economic development incentives divert taxpayer money to politically favored companies at the expense of the rest of the state
Economic development incentives divert taxpayer money to politically favored companies at the expense of the rest of the state
 
No strings attached, to the highly profitable microchip industry
No strings attached, to the highly profitable microchip industry
 
Facebook’s parent company Meta sends outgoing COO Sheryl Sandberg to Visit North Carolina
Facebook’s parent company Meta sends outgoing COO Sheryl Sandberg to Visit North Carolina
 
Since September, the John Locke Foundation has been tracking the monthly jobs and unemployment data for North Carolina released by the Department of Commerce.
Since September, the John Locke Foundation has been tracking the monthly jobs and unemployment data for North Carolina released by the Department of Commerce.
 
As thousands of small businesses were forced to close for good as a result of his economic lockdowns, Gov. Cooper’s administration handed out $1.2 billion worth of corporate welfare to giant corporations like Apple, FujiFilm, and Toyota in 2021.
As thousands of small businesses were forced to close for good as a result of his economic lockdowns, Gov. Cooper’s administration handed out $1.2 billion worth of corporate welfare to giant corporations like Apple, FujiFilm, and Toyota in 2021.
 
Economic equality is an unattainable goal – and that’s the point.
 
All economic activity is planned. Buying, selling, saving, investing, and all other activities are the result of someone’s plan.
All economic activity is planned. Buying, selling, saving, investing, and all other activities are the result of someone’s plan.
 
There are two reasons a corporation would take government incentives to move into North Carolina:
There are two reasons a corporation would take government incentives to move into North Carolina:
 
Recently the John Locke Foundation team met with candidates running for local office. We highlighted critical principles for local government’s fiscal health and sustainability.
Recently the John Locke Foundation team met with candidates running for local office. We highlighted critical principles for local government’s fiscal health and sustainability.
 
On the heels of my colleague Jon Sanders highlighting that the cost to North Carolina taxpayers for each promised job from government handouts to corporations comes to $586,000 each, the N&O reports that two previous corporate welfare deals are being canceled because the promised jobs never came.
On the heels of my colleague Jon Sanders highlighting that the cost to North Carolina taxpayers for each promised job from government handouts to corporations comes to $586,000 each, the N&O reports that two previous corporate welfare deals are being canceled because the promised jobs never came.
 
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.”
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.”
 
In 2019, Gov. Roy Cooper pledged $146.0 million in corporate welfare to 66 corporations. In 2020, amid shutting down and crippling small businesses with extreme executive orders, Cooper pledged $519.3 million in corporate giveaways to just 48 corporations.
In 2019, Gov. Roy Cooper pledged $146.0 million in corporate welfare to 66 corporations. In 2020, amid shutting down and crippling small businesses with extreme executive orders, Cooper pledged $519.3 million in corporate giveaways to just 48 corporations.
 
The Left insists government is better poised than you to spend more of your hard-earned money.
The Left insists government is better poised than you to spend more of your hard-earned money.
 
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
 
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.”
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.”
 
The prospect of tax relief to North Carolina’s small businesses is supposedly offensive to Gov. Roy Cooper.
The prospect of tax relief to North Carolina’s small businesses is supposedly offensive to Gov. Roy Cooper.
 
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