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 [...]
Economist: NC to add 90,000 Jobs in 2013
NC State University Economist Michael Walden spoke to the Chapel Hill-Carrboro Chamber of Commerce Wednesday about the State’s economic outlook. According to Dr. Walden, “We’re going to see a better economy this year,” and North Carolina will likely add 90,000 jobs in 2013. That’s great news for struggling North Carolinians who have suffered under one of the nation’s [...]
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 [...]
High, Progressive State Income Taxes Chasing Job Creators Away
A couple of items published in the last few days provide still more evidence that high income taxes hurt state economic growth. This article from the New York Post includes anecdotal evidence discussing what most suspect: New York’s high income taxes are prompting successful professionals to leave for no-income tax Florida. These people bring their [...]
Another Day, Another Governor Advocating State Income Tax Elimination
Just five days ago, I wrote about LA Governor Bobby Jindal publicly discussing his desire to eliminate his state’s income tax. Now we hear news about another Governor calling for the same thing: (Reuters) – Nebraska Governor Dave Heineman on Tuesday became the second Republican governor in the last week to propose ending his state’s [...]
