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Job Announcements Don’t Equal Job Gains

The campaign season has been filled with claims from candidates that they will create jobs. A common strategy is to target a business or an industry for special state support and to claim credit whenever jobs are added by companies receiving support. A quick look at the job creation and loss figures for the economy as a whole shows this approach is not a workable one. There is a surprising amount of job creation and loss in the economy. Michigan added 214,000 jobs and lost 194,000 jobs in the...

North Carolina Counties Want Higher Hotel Occupancy Tax

Several counties in North Carolina are pushing to increase their hotel occupancy taxes up to the state maximum of 6 percent. Most of the counties say they will use the new revenue to promote tourism. Raising tourism taxes such as those on hotel rooms has become increasingly popular with state and local governments looking for additional revenue, because such taxes are thought to burden out-of-state visitors, people who are unlikely to complain or vote against them. Business leaders in Wilson...

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