John Locke Update / Impact Newsletter

Hold On to Your Wallet

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When the General Assembly convenes in January, legislators will face a budget predicted to have $1.2 billion more in expenses than projected revenue. As John Hood told readers of the Watauga Democrat in Boone, that’s deficit #5. How will that dilemma be solved? In all likelihood, tax increases of one kind or another. “Right now, as the rest of North Carolina happily prepares for a joyous holiday season and tries wistfully to forget politics and government for a while, the political class is studying, scheming, and strategizing,” he wrote. And what are they up to? “They’ve just got to figure out the most expedient way to lift your wallet,” he explained.

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We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

The John Locke Foundation is a 501(c)(3) research institute and is funded solely from voluntary contributions from individuals, corporations, and charitable foundations.