Civitas Review

Budget & Taxes Archives

  1. Mar

    A Free-Market Needle in the Corporate Welfare Haystack

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged ,

    This year's legislative session in NC has been largely dominated by countless corporate welfare schemes coming from both chambers, including expansion of taxpayer giveaway programs and several proposals to extend targeted tax credits to politically-chosen industries. A small ray of free-market light, however, poked its way through the crony capitalism clouds yesterday when SB 382 […]

  2. Mar

    Senate Sales Tax Redistribution Plan: Are Rural County Schools Really Under-funded?

    Posted in Budget & Taxes By Brian Balfour | Tagged ,

    As hinted at last week, the Senate yesterday introduced legislation that would alter how sales tax revenue is distributed to counties across the state. At a press conference yesterday, Sen. Majority leader Harry Brown discussed the reasoning: We're talking about a system that been in place for a long, long time that I think is […]

  3. Mar

    NC Business Owner: Corporate Welfare is a "Smack in the Face" to Home-Grown Businesses

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged , , ,

    The Char-O just published this letter from a Cornelius business owner about the inherent unfairness of state government corporate welfare programs: I wonder if the N.C. Legislature understands the “smack in the face” effect its incentives to lure new businesses to the state has on a business like mine that has been operating here for […]

  4. Mar

    Comparing the Senate and House Econ Incentive Bills

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged , ,

    Some tension is mounting between the NC Senate and Gov. McCrory's office over differences between their competing economic development plans. McCrory's plan was largely captured by a bill introduced by the House a few weeks ago, called the NC Competes Act. New up at the Civitas Institute's website is a comparison of the two plans, […]

  5. Mar

    McCrory's Commerce Sec. Faces Tough Questions from Senate on Corporate Welfare

    Posted in Budget & Taxes By Brian Balfour | Tagged , ,

    According to news accounts: Gov. Pat McCrory's commerce secretary faced skepticism Tuesday from state senators in a powerful committee as he outlined a request to reinvigorate jobs incentives spending — one of the governor's signature goals of the legislative session…. The governor's plan as adopted by the House would increase the JDIG cap from $22.5 […]

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