It's time to consider a change
Capital gains taxes penalize saving, investment, and therefore entrepreneurship, by imposing a second layer of taxation on equity investment. The most straightforward way to end this bias is to eliminate the tax on capital gains completely.
Earth and water, you’ll find plenty of both down there
Since the 1940s, over a million wells have used hydraulic fracturing (“fracking”) safely. The chemicals used are about 99 percent water and sand. The rest is a blend of chemical additives, most of which are found in typical household and personal care products.
Teacher compensation and Medicaid drive the 2014-15 budget
For fiscal year 2014-15, North Carolina’s General Fund budget rose 2.2 percent to $21.1 billion. It funded an average teacher salary increase of 7 percent, one of the largest pay raises for North Carolina teachers in a generation, and created a Medicaid contingency fund of $186.4 million.
Addressing concerns over hydraulic fracturing coming to North Carolina
Along with hopes for new jobs and a stronger economy, the prospect “fracking” in North Carolina has raised concerns. Some are legitimate questions informed by responsible skepticism, but others are fears fanned by activists and pressure groups. This paper seeks to address those questions and concerns.
How Medicaid's flawed financial design drives program costs
Medicaid’s fundamental flaws stem from the way in which it is funded, as both state and federal government share the total bill. If Medicaid’s federal share was transferred to North Carolina as an annual block grant, it would allow lawmakers to exercise more control over the program and create a stronger incentive to sort out system waste and abuse.
Where bad tax policy meets special interest politics
North Carolina passed a law during the 2014 legislative session taxing the liquid used in electronic cigarettes at an additional 5 cents per milliliter. This tax will hurt small businesses and violates the most important principle of good tax policy—neutrality. The North Carolina General Assembly should repeal the electronic cigarette tax.
"Reverse logrolling" would help legislators produce a sound spending plan
Reverse logrolling applied to the current state budget would result in a General Fund budget of $20.6 billion and a $667 million surplus, which would allow legislators more flexibility when discussing spending priorities, including teacher pay increases. It would also allow enough to be set aside in savings and reserves to avoid any unforeseen shortfalls in the next fiscal year.
If you've come across terms like "rent seekers," "Baptists and Bootleggers," and "rationally ignorant voters," but weren't sure exactly what these terms mean, here's your chance to find out. They are all part of what is known as public choice economics, which, as we will find out, isn't
actually economics at all.
Roy Cordato is Vice President for Research and resident scholar at the John Locke Foundation. From 1993-2000 he served as the Lundy Professor of Business Philosophy at Campbell University in Buies Creek, NC. From 1987-1993 he was Senior Economist at the Institute for Research on the Economics of Taxation (IRET) in Washington, DC. He has served as full time economics faculty at the University of Hartford and at Auburn University and as adjunct faculty at Johns Hopkins University. His publications include a 1992 book, Welfare Economics and Externalities in an Open Ended Universe (Kluwer Academic Publishers republished in 2007 by the Ludwig von Mises Institute). His articles have appeared in a number of economics journals and law reviews in addition to The Christian Science Monitor, The Washington Times, Investor's Business Daily, The Journal of Commerce, The Congressional Record, The Orange County Register, The Freeman, Human Events, National Review Online, The Washington Examiner, Tax Notes and many other newspapers and magazines. In 2000 he received the Freedoms Foundation's Leavey Award in Free Enterprise Education. He is also a member of the Mont Pelerin Society and former executive board member of The Association of Private Enterprise Education. Cordato holds an M.A. in urban and regional economics from the University of Hartford and a Ph.D. in economics from George Mason University. He also holds a Bachelors of Music Education from the Hartt School of Music.
Join us for a post-election analysis with one of the country's most influential political analysts and commentators.
Bill Kristol is editor of The Weekly Standard, which, together with Fred Barnes and John Podhoretz, he founded in 1995. Kristol regularly appearances on ABC News "This Week".
Before starting The Weekly Standard, Kristol led the Project for the Republican Future. Prior to that, Kristol served as chief of staff to Vice President Dan Quayle during the Bush administration and to Secretary of Education William Bennett under President Reagan. Before coming to Washington in 1985, Kristol taught politics at the University of Pennsylvania and Harvard's Kennedy School of Government.
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Oct 30, 2014
Markets set compensation rates, but government policies can prevent aspiring employees from being hired.
Oct 23, 2014
To profit is to benefit, and the senators family members most certainly did that from a stimulus grant one of their companies received.
Oct 16, 2014
Victims of the state's horrific eugenics program may be disqualified for compensation if they were sterilized under orders by county, not state, authorities.
Sep 17, 2014
Media outlets should think twice about maintaining cozy relationships with murderous regimes.
Sep 06, 2012
The N&O buries the one moment of real drama at the Democratic National Convention.
Mar 21, 2012
The world's media found the neo-Nazi meme in stories about the school shooting in France just too enticing.