• John Locke Update

    Amazon: Some of the Hidden Consequences of Crony Capitalism

    posted September 28, 2017 by Dr. Roy Cordato
    Last week (9/22), Carolina Journal’s “Daily Journal” featured an important article by my colleague Jon Sanders. It focused on Amazon’s attempt to fleece North Carolina’s taxpayers by soliciting an unprecedented incentive…
  • Research Report

    Economic Incentives: County By County

    posted July 8, 2015 by Sarah Curry
    Between FY 2009 and FY 2014, 81 out of North Carolina’s 100 counties participated in economic development activities. Counties entered into 776 contracts worth nearly $284 million in incentives over the five-year period. Actual payments, however, totaled $144 million.
  • Research Report

    Corporate Tax Incentives: What’s the harm?

    posted May 5, 2015 by Dr. Roy Cordato
    The governor and Republican members of the state legislature are advocating for a host of new incentive programs and the extension and/or expansion of others. However, these programs are likely to harm consumers, investors, and entrepreneurs who are not privy to the subsidies.
  • Research Report

    N.C.’s Film Tax Incentives: Good Old-Fashioned Corporate Welfare

    posted July 17, 2012 by Jon Sanders
    Once a popular off-Hollywood venue for filmmakers before state film tax incentives, North Carolina is now one of the leaders in a race to the bottom among other states and nations in giveaways to movie production companies. The incentives show that state leaders know that lower taxes and regulations attract industry. So why play favorites with industries? Why not just lower taxes and regulations altogether?
  • Research Report

    Carolina Cronyism: Introduction, Overview, and Reforms

    posted July 17, 2012 by Jon Sanders
    Cronyism is an umbrella term covering a host of government activities by which an industry or even a single firm or speculator is given favors and support that they could not attain in market competition. This report explains what opens government to cronyism, gives a brief rundown of recent examples of cronyism in North Carolina, and offers several possible reforms.
  • Research Report

    The Corporate Income Tax: Repeal, Not Reform

    posted November 7, 2011 by Dr. Roy Cordato
    North Carolina's corporate income tax should be repealed, not reformed. It violates all basic principles of sound economic policy and open government. It not only imposes a second and even a third layer taxation on many people’s incomes, but it is hidden, dishonest, and inconsistent with informed decision making in a free and democratic society.
  • Research Report

    A Blank Check for Buncombe: County commissioners ask voters for a sales-tax increase

    posted September 13, 2011 by Dr. Michael Sanera
    Buncombe County commissioners seek voter approval of a sales-tax hike, promising that the $7 million that would be raised would be given to AB Tech for a new building and renovations,. The funds would go into the county’s general fund, however and could be spent on any legal purpose.

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