corporate income tax

North Carolina state government continued to have strong finances seven months after the economy first began to slow in March. Budget writers should nevertheless be cautious about adding spending commitments, however.

Just before Labor Day, Gov. Roy Cooper signed the final bill appropriating money from North Carolina’s $3.6 billion share of the Coronavirus Trust Fund. He was clearly under duress. A veto of the bill that passed with large bipartisan majorities would surely have been overridden.

Lacking any guidance from Congress on the Coronavirus Relief Fund question, budget decisions will continue to be made in a fog of uncertainty. It underscores the need for even more spending restraint than the General Assembly has demonstrated since 2011.

How should the State of North Carolina go about corporate taxation and corporate welfare? There are four possible policy combinations. At the John Locke Foundation, we have consistently championed…

As the 2020 election season gathers momentum, North Carolina’s tax reforms and demands for higher spending on any number of government programs will be front and center. One example is a…

The state budget battle has entered extra innings. Gov. Cooper signed and vetoed another batch of mini budgets, the ninth round of budget-related legislation since his first budget veto on…

In this research update, I take a closer look at revenues and expenditures in North Carolina over the past 20 years. I use actual collections and expenditures from the…

It is widely believed, with plenty of evidence to support the hypothesis, that tax cuts spur economic growth. Over the past six decades, tax cut legislation has been implemented by…

February is the true start of spring. Punxsutawney Phil “predicts” the longevity of winter. Pitchers and catchers report to spring training. Cherry trees blossom.  And in the North Carolina General Assembly,…

Since President Trump has taken office, economic growth rates have soared, 4.2 percent in the last quarter, and unemployment rates are the lowest in decades, at present 3.7 percent. In…