How consensus-based budgeting works Most people are familiar with the concept of logrolling: accepting someone else’s proposal to get their acceptance of yours. In government, it often means more programs…
On November 8, voters in Wake County will be presented with a ballot full of national, state, and local races. But they will also face a question that could cost them billions of dollars over the next decade.
North Carolina’s tax code penalizes savings and investment by double taxing their returns— specifically interest, dividends, and capital gains. These biases can only be eliminated by removing savings and investment from the tax base, or by eliminating the returns to saving; for example abolishing the taxation of capital gains.
The Tax Foundation estimates that, once all reforms are fully phased in, North Carolina’s overall business tax climate ranking will be 13th best in the country. According to the 2016 index, North Carolina is now ranked as the 15th most attractive business tax climate.