A new bill in the NC legislature would very modestly alter North Carolina’s program of tax credits for Hollywood film production. Per the Wilmington Star News: HB 994, co-sponsored by Rep. Rick Catlin (R-New Hanover) and Rep. Chris Millis (R-Pender), Rep. Paul Stam (R-Wake) and Rep. Paul Luebke (D-Durham), seeks to make the film production [...]
“Privatization” of Economic Incentives Fails to Address Key Problems
Our friend Jeanette Doran of the NC Institute for Constitutional Law penned this op-ed in the N&O on the issue of North Carolina’s economic incentives, and Gov. McCrory’s still vague plan to turn over the state’s incentives programs to a “private non-profit.” Among Doran’s concerns is the issue of transparency: Records of the negotiations aren’t [...]
We Got Met, Who Pays?
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 [...]
Central Planners Double-Down on Corporate Welfare in W-S
Undaunted by the failed Dell corporate welfare giveaway in Winston-Salem, local and state politicians once again use taxpayer dollars to centrally-plan the economy, by bribing Herbalife to relocate into the very same plant vacated by Dell. In exchange for millions of taxpayer dollars and anti-competitive political privilege, Herbalife pledges to create nearly 500 jobs hire [...]
“Education Governor” Gets a C Grade
Governor Beverly Perdue received an average grade in the newest Fiscal Policy Report Card on America’s Governors from the Cato Institute. In addition to an overall grade, the report gives a score to each governor ranging from 0 to 100. Lower scores indicate governors who favor big-government fiscal policies (high taxes, high spending), while scores [...]
