• Research Report

    A Healthy Debate: Ideas for Addressing the Medical Malpractice Crisis

    posted March 30, 2003 by Dr. Roy Cordato
    North Carolina has now joined many other states and the federal government in debating solutions to the problem of rising costs in medical malpractice insurance. Evidence suggests that flaws in our tort laws and procedures are a major part of the problem. Proposed state legislation to cap “pain and suffering” awards and implement other reforms represents a good starting point, but state lawmakers should also look at a “loser pays” rule and judicial oversight of expert testimony to reduce the impact of junk science and quack medicine on jury deliberations.
  • Research Report

    State of Emergency: Time to Rework Economic Development Policy

    posted February 17, 2002 by Dr. Roy Cordato
    North Carolina's approach to economic development policy has failed, with the state’s high tax burden, lack of industrial diversity, and hostility to entrepreneurial effort contributing to a painful decline in employment and competitiveness. Public policymakers should rethink their reliance on central-planning models and schemes to subsidize specific businesses or regions. Instead, the state should lower taxes and avoid costly regulatory mistakes like the "Clean Smokestacks" bill.
  • Research Report

    War and Our Economy: Conflict Will Worsen Downturn in North Carolina

    posted September 19, 2001 by Dr. Roy Cordato
    The ghastly terrorist attacks in New York City and Washington will have overwhelmingly negative consequences for the nation’s economy, despite the foolish suggestions of some that it will result in a net stimulus. North Carolina’s economy promises to be particularly hard-hit by troop deployments and faltering investor and consumer confidence. Now is the time for state leaders to dedicate themselves to strengthening the economy, not weakening it through massive tax hikes.
  • Research Report

    Still a Bad Idea: Lottery Would Bring Unstable, Costly Revenues

    posted September 16, 2001 by Dr. Roy Cordato
    Gov. Mike Easley and other proponents are reportedly preparing to resurrect the idea of a state lottery for North Carolina. The case for this regressive and unpredictable source of revenue has, if anything, weakened in recent months, as other states with lotteries have experienced significant revenue shortfalls. The fact remains that Easley is overestimating the lottery’s potential revenue, thus creating the risk of additional tax increases in the future to make up the difference.
  • Research Report

    ABC Results Misleading: Locke Analysis: Half of N.C. Schools Get

    posted August 16, 2001 by Michael Lowrey, John Hood
    Despite hype to the contrary from state officials, the just-released 1997-98 ABC test results showed once again how poor the level of public education in North Carolina remains. Rating schools on the basis of student achievement, the Locke Foundation found that only 1 percent of public schools deserved an "A" for imparting grade-level skills to at least 90 percent of students. Fully half the schools received a "D" or "F."On average, only 66 percent of public school students tested at grade level — with far worse results on more rigorous national tests.
  • Research Report

    Cut Payroll Tax Now: Use State Reserve, Not UI, for Community Colleges

    posted June 1, 2001 by Michael Lowrey, Don Carrington
    North Carolina's Unemployment Insurance trust funds continue to be bloated due to overcharging workers and employers. A series of tax cuts during the 1990s has failed to bring the system under control. A new bill would cut the UI tax by 20 percent but impose a new tax of the same amount to fund unneeded administrative costs and community college items that, in some cases, constitute corporate welfare. A better answer would be to cut UI taxes and draw down the state's separate $200 million reserve for any needed college improvements.
  • Research Report

    A Tale of Three Budgets: Senate Plan Allows Rapid Growth in Spending

    posted May 29, 2001 by John Hood
    The N.C. Senate is debating its budget proposal for FY 2001-03. For all the furor about "severe cuts" in the plan, it would increase total General Fund spending next year at nearly the same rate (4.7%) as Gov. Mike Easley's budget (5.2%), including a 15% increase in health and human services spending vs. Easley's 16.2% hike. Both offer a stark contrast to the Changing Course budget prepared by Locke analysts, which would essentially hold spending constant while cutting taxes.
  • Research Report

    A Guide to Tax Reform: Current Effort Lacks Principles and Sound Data

    posted April 3, 2001 by Dr. Roy Cordato
    The need for fundamental tax reform in North Carolina has never been more obvious. Unfortunately, Gov. Mike Easley's "tax loophole" commission is incapable of fashioning a sound reform plan. It lacks guiding principles, is using a faulty definition of "loophole," and is more interested in raising tax revenue than reducing tax biases. Policymakers should pursue simplicity, neutrality, and equity through a consumed-income tax and other ways to flatten and reduce tax rates.
  • Research Report

    Sidetracked: Transit and Transportation Policy in North Carolina

    posted March 31, 2001 by Michael Lowrey, John Hood
    Co-authors Michael Lowrey and Jonathan C. Jordan examine North Carolina transportation policy and recommend ways of improving it without resorting to more taxation, regulation, and government control. (38 pages-not available online.)

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