The Right Way to Cut Taxes

By John Hood If your goal is to foster economic growth and job creation, there’s a right way and a wrong way to cut taxes on business. Fortunately, Pat McCrory and the General Assembly made the right choice. The wrong way is to offer tax credits or other targeted incentives to...

The crystal ball stays hidden

by John Hood If you are absolutely sure what is going to happen in next year’s midterm elections, my advice is to keep it confidential, tell just a few key folks, let them be awestruck by your prescience on Election Day 2014. And then start a political-intelligence firm. You’ll...

New budget repairs balance sheet

by John Hood As Democrats and Republicans debated North Carolina’s recently approved state budget, they devoted much of their attention to the income statement of state government. They argued about next year’s revenues and expenditures. What didn’t get nearly as much attention...

Making education a better investment

by John Hood Is state spending on education an investment or a political payoff? Critics of the North Carolina state budget just approved by Gov. Pat McCrory and the legislature use the term “investment” a lot. But their arguments sound more like cheap politics. If education...

Growth strategy backed by research

by John Hood When you hear politicians utter the phrase “economists say,” be skeptical. There may well be economists who agree with their particular policy idea, but economists and other social scientists don’t speak with one voice. There are many differences of opinion,...