Lessons for Next Time: How North Carolina can prepare for an economic downturn.

The start of the Great Recession, and the collapse of financial markets in the fall of 2008, is more than a decade behind us, yet its impact still reverberates through North Carolina communities and households. Policymakers should use the lessons learned from the Great Recession to prepare now to protect North Carolina’s people and communities from the next economic downturn.

North Carolina’s Business Tax Deduction: Who Benefits?

The $50,000 business income tax deduction created by the General Assembly in 2011 was intended to provide tax relief to small business and support job creation, but it is unlikely to do so – at what may be an even higher cost to the state than was originally forecasted.