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The U.S. credit rating was given a negative outlook by Moody’s Investor Service in part due to the ballooning U.S. debt.
The U.S. credit rating was given a negative outlook by Moody’s Investor Service in part due to the ballooning U.S. debt.
 
The GOP-led House is trying to set a fiscally responsible example starting with its plan to offset $14.3 billion in aid for Israel by slashing the same amount of funds meant for the Internal Revenue Service (IRS), according to Speaker Mike Johnson (R-LA).
The GOP-led House is trying to set a fiscally responsible example starting with its plan to offset $14.3 billion in aid for Israel by slashing the same amount of funds meant for the Internal Revenue Service (IRS), according to Speaker Mike Johnson (R-LA).
 
Democratic Dallas Mayor Eric Johnson announced in a Wall Street Journal op-ed Friday that he will switch his party affiliation to Republican.
Democratic Dallas Mayor Eric Johnson announced in a Wall Street Journal op-ed Friday that he will switch his party affiliation to Republican.
 
A Republican lawmaker argued on Tuesday in favor of making a play for spending cuts without “fear” of a government shutdown as the appropriations process ramps up.
A Republican lawmaker argued on Tuesday in favor of making a play for spending cuts without “fear” of a government shutdown as the appropriations process ramps up.
 
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
 
General Assembly leaders agreed to a bottom-line budget number last week, kicking off the biennium budget season. Senate Leader Phil Berger (R-Rockingham) and House Speaker Tim Moore (R-Cleveland) announced that General Fund spending would increase by 6.5% in the first year
General Assembly leaders agreed to a bottom-line budget number last week, kicking off the biennium budget season. Senate Leader Phil Berger (R-Rockingham) and House Speaker Tim Moore (R-Cleveland) announced that General Fund spending would increase by 6.5% in the first year
 
The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.4%.
The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.4%.
 
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 Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
 
North Carolina’s state government revenues continue to exceed expectations. According to the new state budget Director Kristen Walker, revenues for the current fiscal year that began July 1 are 10% higher than expected, as reported by the Associated Press.
North Carolina’s state government revenues continue to exceed expectations. According to the new state budget Director Kristen Walker, revenues for the current fiscal year that began July 1 are 10% higher than expected, as reported by the Associated Press.
 
Bolstering the Case for a Taxpayer Bill of Rights
 
Inflation continues to ravage household budgets. According to the latest release from the Bureau of Labor Statistics, the Consumer Price Index rose 8.5% over the last year.
Inflation continues to ravage household budgets. According to the latest release from the Bureau of Labor Statistics, the Consumer Price Index rose 8.5% over the last year.
 
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
 
Consumer prices increased 1.3% on a seasonally adjusted basis in June, according to the latest data released by the Bureau of Labor Statistics.
Consumer prices increased 1.3% on a seasonally adjusted basis in June, according to the latest data released by the Bureau of Labor Statistics.
 
As we enter July of 2022, Americans all over the country will begin their July 4th preparations. They will soon be confronted once again with the harsh reality of elevated prices due to continuing inflation.
As we enter July of 2022, Americans all over the country will begin their July 4th preparations. They will soon be confronted once again with the harsh reality of elevated prices due to continuing inflation.
 
Instead, Honor Taxpayers and Emphasize Long-Term Sustainability
 
Last week Congress passed H.R. 2471, a $1.5 trillion spending omnibus package to fund the government through September. It was loaded with earmarks costing $9.7 billion.
Last week Congress passed H.R. 2471, a $1.5 trillion spending omnibus package to fund the government through September. It was loaded with earmarks costing $9.7 billion.
 
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.
 
The 2021 session of the General Assembly began in January, as the world was entering its second year of the pandemic. The hope was the COVID fog would lift, allowing a return to normalcy, at least in a relative sense, and that lawmakers could go about business as usual.
The 2021 session of the General Assembly began in January, as the world was entering its second year of the pandemic. The hope was the COVID fog would lift, allowing a return to normalcy, at least in a relative sense, and that lawmakers could go about business as usual.
 
In psychology, a Rorschach test is one in which the patient is presented with a series of inkblot images
In psychology, a Rorschach test is one in which the patient is presented with a series of inkblot images
 
Patrick Gleason of Americans for Tax Reform cites North Carolina in his latest Forbes column.
Patrick Gleason of Americans for Tax Reform cites North Carolina in his latest Forbes column.
 
Overall spending growth will be below GOP's self-imposed spending limitation of population plus inflation increases
Overall spending growth will be below GOP's self-imposed spending limitation of population plus inflation increases
 
It’s hard to get away from an object that’s sticky.
 
Remarks by President Biden on the State of the Economy and the Need for the American Rescue Plan
 
The intellectual forces that have driven three decades of freedom-forward research and policy reforms in North Carolina will merge their capabilities, ensuring that North Carolinians' liberties are robustly defended and advanced as we enter this next decade.
The intellectual forces that have driven three decades of freedom-forward research and policy reforms in North Carolina will merge their capabilities, ensuring that North Carolinians' liberties are robustly defended and advanced as we enter this next decade.
 
North Carolina think tanks join forces, creating the southeast’s most powerful voice for personal and economic freedom
North Carolina think tanks join forces, creating the southeast’s most powerful voice for personal and economic freedom
 
A decade of fiscal responsibility and sustainable government could be squandered unless North Carolina taxpayers build some financial guardrails in the state constitution.
A decade of fiscal responsibility and sustainable government could be squandered unless North Carolina taxpayers build some financial guardrails in the state constitution.
 
The vast majority of conservatives accept that government can and should intervene in private affairs when required to protect the rights to life, liberty, and property.
The vast majority of conservatives accept that government can and should intervene in private affairs when required to protect the rights to life, liberty, and property.
 
For almost a decade, North Carolina has benefited from the fiscal conservatism of our General Assembly.
For almost a decade, North Carolina has benefited from the fiscal conservatism of our General Assembly.
 
State Rep. Deb Butler’s epic September 11 outburst on the floor of the General Assembly is a reminder— to some at least—that North Carolina is governed in a perpetual state of chaos.
State Rep. Deb Butler’s epic September 11 outburst on the floor of the General Assembly is a reminder— to some at least—that North Carolina is governed in a perpetual state of chaos.
 
Do most voters want government to get bigger or smaller? This seemingly simple question obscures a range of complexities.
Do most voters want government to get bigger or smaller? This seemingly simple question obscures a range of complexities.
 
Today Joe Anne Jones, wife of former Congressman Walter Jones, joined Dr. Joan Perry, Republican candidate for Congress, at a press conference to discuss the Special Election to fill her husband's seat in Congress.
Today Joe Anne Jones, wife of former Congressman Walter Jones, joined Dr. Joan Perry, Republican candidate for Congress, at a press conference to discuss the Special Election to fill her husband's seat in Congress.
 
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