Rusty Weiss writes for RedState.com about the cost associated with New York’s bad tax policies. New York has spent years aggressively taxing its wealthiest residents in the name of fairness,…
Just over two weeks ago, House and Senate leaders announced they had a “framework” for a budget deal for the fiscal year beginning July 1. Lawmakers have not passed a…
Revenues coming in ahead of expectations, reflecting continued growth courtesy of tax cuts
With budget negotiations stalled over disagreements on personal income tax rate cuts and revenue triggers, both chambers unveiled two spending bills this week. On Monday, the Senate released a revamped…
Introduction For many years, economists and tax policy researchers maintained that North Carolina’s tax system needed a major overhaul. The system was a model of hodgepodge tax policy with high…
What NC can do to remain a national leaders in tax reform.
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered…
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days…
Low-income households shouldn't be penalized twice by inflation. Here's how to fix it.
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate…
States with no income tax tend to run much leaner and efficiently.
Terence Jeffrey writes for CNS News about new data that place the American tax burden in perspective. According to newly released data from the Bureau of Labor Statistics, Americans in…