• John Locke Update

    Tame spending now or be forced to cut it later

    posted November 9, 2020 by Joseph Coletti
    As Milton Friedman often remarked, the bill always comes due. Today’s spending must be paid by taxes, regardless whether those taxes were collected in the past, are collected this year, or will be collected in the future.
  • John Locke Update

    North Carolina’s COVID-19 Response: State Budget

    posted March 16, 2020 by Joseph Coletti
    Our budget stalemate may have an unexpected and unintended benefit. Because the General Assembly and Gov. Roy Cooper could not agree on a new budget, state government has been operating…
  • John Locke Update

    Spending, Tax Reform, and the North Carolina Economy

    posted November 25, 2019 by Joseph Coletti
    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…
  • John Locke Update

    Budget 2019: Extra Innings

    posted November 13, 2019 by Joseph Coletti
    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…
  • John Locke Update

    How Do Tax Cuts Spur Economic Growth?

    posted September 17, 2019 by Dr. Roy Cordato
    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…
  • John Locke Update

    State Budget Woes: First Kansas, Now Alaska

    posted August 22, 2019 by Joseph Coletti
    Kansas has been criticized since 2012 for cutting taxes irresponsibly, despite a court-ordered increase in education spending. Tax cuts in the Sunflower State may have been larger than circumstances warranted,…

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