Top of the Morning

Top of the morning

Scott Mooneyham has an important reminder of how North Carolina ended up in its current predicament with unemployment compensation—tax break after tax break for corporations.

As for the financial recklessness part of the story, it goes back to the 1990s. At that time, the unemployment fund enjoyed an $800 million surplus. Then legislators cut the taxes, five separate times. The bill is about to come due for those tax cuts….

….Shuffling the debt onto taxpayers as a whole, or reducing unemployment benefits, is just as economically problematic. It will also mean less money moving through the economy.

Check Also

Anthony Scaramucci thought HB2 was “shameful”

Anthony Scaramucci, President Trump’s new communications director, was ...

Top Stories from NCPW

  • News
  • Commentary

When Billy Lassiter was 12 years old, he sat in the front row of one of his seventh grade classes su [...]

WASHINGTON — North Carolina is home to the nation’s most conservative member of the U.S. House, acco [...]

A troubled North Carolina charter school is essentially on “life support’ and its leaders should pul [...]

An Orange County Superior Court Judge effectively scrapped the UNC System’s legal settlement with th [...]

The post Causey & effect (with Lt. Gov. Dan Forest) appeared first on NC Policy Watch. [...]

For a man who knew everybody, Greg Lindberg might seem in the coming days like a man who knew nobody [...]

The evidence that racism is infecting the selection of juries in North Carolina is clear and unmista [...]

As time goes by, it becomes increasingly difficult to believe that President Richard Nixon was force [...]