Budget, Taxation & Economy
Budget, Taxation & Economy
At the state legislature, Locke advocates for limiting the expenditure of tax dollars and strictly limiting its tax burdens on families and businesses.
Budget, Taxation & Economy
The Inflation Grinch That Stole Christmas
Christmas will be costly again this year as inflation eats away at your holiday hosting and shopping budget. Food, presents, and travel will all cost more than they did last…
Budget, Taxation & Economy
Protectionism in Biden’s Inflation Reduction Act Harms Consumers and Domestic Industries
Inefficient companies are protected from competition by political favoritism, at the expense of consumers and other domestic companies.
Budget, Taxation & Economy
Local Jobs Report Shows More Unemployment, State Appears to Be Reversing its Trend of Recovery
Unemployment increased in 99 of North Carolina’s 100 counties last month according to the latest release from the state’s Department of Commerce. These rates are not seasonally adjusted and are subject…
Budget, Taxation & Economy
How NC Legislators Can Help Workers Avoid More Inflation Pain
Low-income households shouldn't be penalized twice by inflation. Here's how to fix it.
Budget, Taxation & Economy
Household Debt Increases by Largest Amount Since 2007
Household debt rose again in the third quarter of 2022, according to the latest report from the Federal Reserve Bank of New York. Americans are not easing their spending, even as inflation…
Budget, Taxation & Economy
October Jobs Report Finds Accelerating Unemployment and Shrinking Labor Force Participation
North Carolina’s unemployment rate increased for the third consecutive month in October, according to the latest release from the North Carolina Department of Commerce. The unemployment rate increased 0.2 percentage points to…
Budget, Taxation & Economy
Inflation Squashes at Home Thanksgiving Traditions
If you are hosting Thanksgiving this year, you can expect to pay much more for your feast. Nearly all your favorite ingredients will have increased in price since last year. …
Research Brief
Budget, Taxation & Economy
Taxpayer-Funded Subsidies Are Bad Economics
North Carolina leaders have pledged nearly $2 billion in taxpayer resources in corporate welfare in the last two years. Interstate compacts represent truce agreements to cease corporate welfare incentives that…
Budget, Taxation & Economy
North Carolinians Approve $2.8 Billion in New Local Debt
There were 26 local bond referenda across the state in this fall's election, totaling $2.8 billion. The success rate? 100%
Budget, Taxation & Economy
September Local Jobs Report: All But One North Carolina Counties See Drop in Unemployment
Today the North Carolina Department of Commerce released September county-level unemployment data for the state, revealing a decrease in unemployment rates for 99 of North Carolina’s 100 counties. Only Warren County saw…
Budget, Taxation & Economy
North Carolina Receives Good Fiscal Health Grade
The nonprofit watchdog Truth in Accounting (TIA) released its 13th annual Financial State of the States this week. The report found that in fiscal year 2021, 31 states did not have the money to…
Budget, Taxation & Economy
Consumer Spending Slows Even as GDP Reverses Six-Month Trend
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance…