John Locke Update / Impact Newsletter

Incentives under the microscope

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North Carolina’s continued problems with double-digit unemployment highlight the state’s misguided focus on using targeted tax breaks to lure new jobs to the state. John Locke Foundation Fiscal Policy Analyst Joseph Coletti discussed this topic in a recent press release, and he had a chance to explain the issue again during an appearance this week with Matt Mittan on WWNC’s “Take A Stand Show.” Cape Fear Business News also reprinted Coletti’s news release. Speaking of targeted tax breaks, government officials in Winston-Salem plan to proceed with a $53 million road-widening project linked to the Dell plant that was recruited to the Triad with targeted tax incentives. This project is scheduled to move forward even though the Dell plant is now scheduled to close. JLF Adjunct Scholar David Hartgen questioned that decision in a Winston-Salem Journal article this week.

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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.