Posts Tagged ‘Taxes’
OPINION: Users Should Pay for Highways
by John Hood RALEIGH — As a fiscal conservative who thinks government is generally too large and taxes too high, I am grateful for the gas tax. You should be, too. When Oregon instituted the first state tax on motor fuels in 1919, and North Carolina followed suit two years later, their leaders were solving…
Read MoreOPINION: Cutting Corporate Tax Helps Consumers
by John Hood RALEIGH — With negotiators for the North Carolina House and Senate confirming that they’ve agreed on the broad outlines of a state budget for next year, the prospect of ending the state’s 2.5% corporate income tax is one step closer to becoming reality. A phase-out is already in the Senate’s budget plan,…
Read MoreRepublicans propose $2.1 billion in cuts on state income taxes
By David Bass, Carolina Journal News Service RALEIGH — Personal income tax rates would be slashed and the corporate tax rate entirely eliminated by 2028 under a proposal rolled out on Tuesday, May 25, by N.C. Senate Republicans. The plan would reduce North Carolina’s flat income tax rate from 5.25% to 4.99%. It would also raise the…
Read MoreTaxpayer Bill of Rights amendment filed in N.C. Senate
by Donna King, Carolina Journal News Service RALEIGH — A bill filed in the North Carolina Senate on the traditional April 15 tax deadline day would make tax and spending limits a part of the North Carolina Constitution, if voters approve it in 2022. Sens. Bill Rabon, R-Brunswick; Paul Newton, R-Cabarrus; and Warren Daniel, R-Burke, are sponsors…
Read MoreOPINION: Sales Tax Hike Is Unneeded
by John Hood RALEIGH — When North Carolina Democrats are in power, their go-to source of new revenue is to raise sales taxes. Oh, I realize you’ve probably read or heard something different during recent election cycles. Left-wing politicians, activists, and editorialists have claimed that the GOP-controlled General Assembly increased North Carolina’s sales-tax burden by…
Read MoreOpinion: Tax Debates Feature Many Myths
By John Hood RALEIGH — With Democrats in charge of the White House, and U.S. House, and (possibly as of this writing) the U.S. Senate, you can expect a push by left-wing activists and politicians to repeal some federal tax cuts enacted by the previously Republican Congress and signed by President Trump. Here in North…
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