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The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
Published: Monday, July 3rd, 2023 @ 8:09 pm
By: John Locke Foundation
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North Carolina’s unemployment rate decreased again in April from March’s rate of 3.5% to 3.4% according to the latest release from the North Carolina Department of Commerce. The national rate also decreased to 3.4%.
Published: Wednesday, June 14th, 2023 @ 11:03 pm
By: John Locke Foundation
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North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
Published: Sunday, June 11th, 2023 @ 11:45 pm
By: John Locke Foundation
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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
Published: Sunday, June 11th, 2023 @ 12:27 pm
By: John Locke Foundation
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Special provisions continue to thrive in North Carolina. The last biennium budget was loaded with special projects, and the forthcoming one may be no different.
Published: Tuesday, June 6th, 2023 @ 11:45 pm
By: John Locke Foundation
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The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
Published: Friday, June 2nd, 2023 @ 3:53 pm
By: John Locke Foundation
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The monthly local jobs report reveals unemployment rates and related economic indicators at the county level.
Published: Tuesday, May 30th, 2023 @ 6:52 pm
By: John Locke Foundation
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Work and personal responsibility lead to prosperity, but the left increasingly favors programs that foster government dependency
Published: Monday, May 29th, 2023 @ 12:35 am
By: John Locke Foundation
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It’s budget season in the Tar Heel State. We have high hopes that this biennium budget can allow for substantial benefits to North Carolinians.
Published: Friday, May 26th, 2023 @ 10:48 am
By: John Locke Foundation
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North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
Published: Saturday, May 20th, 2023 @ 12:38 am
By: John Locke Foundation
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How This Harms Taxpayers and What NC is Doing About It
Published: Friday, May 19th, 2023 @ 5:05 pm
By: John Locke Foundation
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In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
Published: Friday, May 12th, 2023 @ 11:50 pm
By: John Locke Foundation
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In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
Published: Thursday, May 11th, 2023 @ 2:23 pm
By: John Locke Foundation
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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.
Published: Sunday, May 7th, 2023 @ 10:13 am
By: John Locke Foundation
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The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
Published: Wednesday, May 3rd, 2023 @ 8:41 am
By: John Locke Foundation
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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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The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
Published: Wednesday, April 19th, 2023 @ 8:33 am
By: John Locke Foundation
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Pension plans for state government retirees are strained
Published: Wednesday, April 19th, 2023 @ 12:32 am
By: John Locke Foundation
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The NC Senate signaled their intentions Wednesday to aggressively lower the state’s personal income tax rate.
Published: Sunday, April 16th, 2023 @ 2:59 pm
By: John Locke Foundation
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The monthly local jobs report reveals unemployment rates and related economic indicators at the county level.
Published: Sunday, April 16th, 2023 @ 2:59 am
By: John Locke Foundation
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Last Wednesday, North Carolina House leadership released a biennial budget proposal that over the next two years would, among other things, increase spending on public schools, raise average teacher pay by more than 10%, and expand school choice.
Published: Saturday, April 15th, 2023 @ 7:16 am
By: John Locke Foundation
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The progressive left often argues that the rich do not pay enough in taxes. The tax code is not progressive enough, they say. But, the tax code is much more progressive than they would like to admit. See the below graph from The Heritage Foundation.
Published: Friday, April 14th, 2023 @ 7:06 pm
By: John Locke Foundation
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One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
Published: Thursday, April 13th, 2023 @ 2:07 am
By: Carolina Journal
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Did politicians learn their lesson from the Great Recession? It’s a question I pose in my latest piece at RealClearPolicy.
Published: Wednesday, April 12th, 2023 @ 10:48 pm
By: John Locke Foundation
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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
Published: Wednesday, April 12th, 2023 @ 9:44 am
By: John Locke Foundation
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On Wednesday, the North Carolina Senate introduced a creative solution to address critical workforce housing shortages for North Carolinians.
Published: Tuesday, April 11th, 2023 @ 3:54 pm
By: Carolina Journal
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Democrat Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year.
Published: Monday, April 10th, 2023 @ 7:56 am
By: Carolina Journal
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Declining Labor Force, Wages, and Work Hours Cause for Concern
Published: Monday, April 3rd, 2023 @ 11:31 pm
By: John Locke Foundation
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At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
Published: Sunday, April 2nd, 2023 @ 11:27 pm
By: Carolina Journal
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Michigan could be the first state in nearly 60 years to repeal a “Right to Work” (RTW) law.
Published: Saturday, April 1st, 2023 @ 12:14 am
By: John Locke Foundation
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Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
Published: Friday, March 31st, 2023 @ 12:06 am
By: John Locke Foundation
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Leaders in the North Carolina House and Senate announced an agreement on Wednesday, March 8, on a budget amount for the 2023-2024 fiscal year.
Published: Thursday, March 30th, 2023 @ 10:25 am
By: Carolina Journal
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Governor Cooper released his recommended budget for the biennium today. The General Assembly has already begun budget writing, and the Governor’s recommendations, in this case, are purely political.
Published: Wednesday, March 22nd, 2023 @ 11:07 am
By: John Locke Foundation
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The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
Published: Tuesday, March 21st, 2023 @ 11:44 pm
By: John Locke Foundation
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