The old Met Life insurance commercials used to feature the tag line, “Get Met, It Pays.” Yesterday came the announcement that North Carolina landed Met Life expansion projects to be located in Cary and Charlotte – but who pays? Taxpayers, of course. According to reports, Met Life was bribed to the tune of $94 million [...]
Budget & Taxes Archives
New House Bill Would Introduce Greater Transparency Over Government Debt
Going back several years, Civitas has urged more transparency when it comes to local and state debt referendums. Specifically, we have advocated applying “truth in lending” type standards to bond referendums. When private citizens take out a mortgage, for instance, the government requires the lender to disclose information about the full amount of debt obligations [...]
At CLC: Artur Davis and Ron Johnson on Losing Democrats, Reclaiming the Nation
Today, after the sequester, ”the world continued” though the government was $85 billion poorer, Artur Davis, said. His remarks were important for reminding conservatives who we haven’t reached out to. “Cutting back, when you are spending too much, is not a radical idea, except in Washington, D.C.,” he said. He said President Obama commented that [...]
CLC: Power and the People
(One theme of the Conservative Leadership Conference is the bottoms-up model of change. Former Sen. Jim DeMint, president-elect of the Heritage Foundation, hailed grassroots activism, in his speech at lunch. He told the crowd, “What’s making a difference is you — and people like you across the country.” This is needed because Republicans in Washington [...]
The Poor and Unemployed the Real Victims of NC’s Current Tax Structure
The Fayetteville Observer today published my op-ed on the subject of tax incidence – that is who really feels the impact of taxes versus who just writes the check for the tax. More specifically, a concept universally accepted by economists is the difference between who remits a tax payment and the actual incidence of the [...]
