A new study released by the Mercatus Center at George Mason University takes a close look at financial health of North Carolina state government. Among the findings: Real (inflation-adjusted) state spending per capita has increased fourfold in North Carolina since 1970. Three sources of revenue allowed for this increase: (1) tax increases, (2) increased debt, […]
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From the N&O: Legislators heard a call Tuesday to further expand sales taxes and eliminate the capital stock tax – a conservative think tank’s proposal for continuing the state’s tax code overhaul. The Tax Foundation, based in Washington, D.C., presented its report on North Carolina’s business tax climate, painting a rosy picture […]
That's the question examined by this article published by the Mises Institute. The article draws comparisons to the housing bubble that burst around 2008, triggering the Great Recession: Artificially low interest rates resulting from massive amounts of new credit expansion encouraging the purchase of consumer durable goods financed via cheap credit. Instead of learning from […]
This according to state Senator Andy Wells (R-Catawba). From the N&O A state senator from Hickory is denouncing as a political “poke in the eye with a stick” a promise of state incentives to Corning Inc., which will move about 500 workers from his city to Mecklenburg. Corning Inc. announced last month that it would […]
Civitas will be on a short break over the Holiday season, but look for us to be back and better than ever in 2016.