Hood dissects tax reform, gas price changes, and more
The latest issue of the North Carolina Bankers Association’s Carolina Banker features an article from John Hood titled “A Business-Friendly Approach to Tax Reform.” (We should fund most state services with a broad-based tax on consumed income, rather than our current practice of taxing both consumed and invested income.)
The Elizabeth City Daily Advance interviewed Hood for an article about gas price fluctuations. (John Hood, president of the John Locke Foundation, a Raleigh-based conservative think tank, said rising gas prices are a product of large economic forces, not local ones. When a motorist sees gas prices increasing at the pumps, Hood said there can be two reasons: supply is relatively scarce compared to demand; or the value of the American dollar is falling.)
A Carteret County News-Times editorial on Obamacare quotes Hood. (Praising North Carolina’s decision here Friday, John Hood, president of the John Locke Foundation, said North Carolina officials are “exercising due diligence, along with those of other states, to put pressure on Congress to take remedial action.”) N.C. Senate Republicans promoted Hood’s columns this week focusing on employment numbers and unrealistic Medicaid jobs claims.
Hood is a member of the Nonprofit Media Working Group, which recommended this week that the IRS modernize its rules by removing obstacles blocking nonprofit news outlets. Duke University mentioned Hood in its news release on the topic. The proposal attracted attention from outlets including USA Today, The Hill, Columbia Journalism Review, The Chronicle of Philanthropy, and Current.org.