A tax credit that acted as an incentive for investors to take financial risks on start-up businesses was not renewed as part of this year’s tax reform initiative, a senior adviser to the governor said Friday. The expiration of the tax credit was a concern for some investors at last week’s CED Tech Venture Conference in Raleigh, which brought start-up companies as well together with potential business investors.
The credit, which expires Jan. 1, is for 25 percent of an investment or $50,000, whichever is less. The total amount of credit awards per year is capped at $7.5 million.
North Carolina has hosted more than its fair share of start-up companies in the last decade or so, and it's pure foolishness to assume that will continue by taking a critical element like this tax credit out of the formula. If the GOP keeps "fixing" things that aren't broken, NC will soon find itself listed in magazines under the top five worst places to do business.
I'm sure before the day is over the RWNJ Twits will be out in force attacking teachers for bravely standing up for themselves and their students (that's right, it's for them, too). I doubt this will end well for said teachers, but it has to be done.
Submitted by scharrison on Wed, 09/18/2013 - 8:31am
Aldona Wos' gravy train picks up a Tea Party nutjob passenger:
Margaret "Mardy" Peal, 42, started with the department as a senior planner Aug. 12 and will make $95,000 a year, salary records show. She taught at ECU for about three years in the 1990s, was briefly involved in the early stages of the Eastern North Carolina Tea Party and donated $1,250 to McCrory's campaign in 2012.
Peal was also listed in 2010 under her married name, Grubb, as a member of the board of directors for the anti-abortion Carolina Pregnancy Center, which provides "abortion alternatives, post abortion support and abstinence education with the hope of transforming lives through Jesus Christ," according to its Facebook page.
I wonder what Jesus Christ would say about DHHS failing to provide food stamps for thousands of hungry children while paying one of his followers $95,000 per year. Pretty sure he would not be happy about that.
This is another example of the GOP's bass-ackward approach to social problems. The number of people eligible for SNAP benefits has greatly increased, but that isn't because government is broken (TM), it's because we're only in the beginning stages of recovery from a not-seen-since-the-1930's level recession. Again, it ain't rocket science.
The system has missed – sometimes by a wide margin – its own targets on paying claims, and doctors around the state say they aren’t receiving payments.
Dr. Bill Atkinson, WakeMed CEO, says that isn’t isolated to physician practices in rural areas, pointing to the $2.5 million he says physician practices under the WakeMed umbrella are owed.
A couple of important points, and then I need to get back to hospital vigil duty: the healthcare sector nationwide is the single biggest employer, somewhere in the neighborhood of 17% of the workforce. That percentage is probably slightly higher in North Carolina due to so many world-class teaching hospitals and the massive biotech industry. And when you screw around with the Medicare/Medicaid funding pipeline, you are screwing around with the job security of tens of thousands of North Carolinians, if not hundreds of thousands. Aldona Wos isn't just a political mistake, she's an economic disaster in process.
Submitted by scharrison on Wed, 09/11/2013 - 1:36pm
Found on Facebook:
Nevermind that Bush allowed the bin Laden family to fly away before they could be questioned, or that the same Bush family had deep and long business ties to the bin Ladens. Or that the Obama administration located and killed Osama, something the Bush administration not only failed to do but intentionally avoided. Oh no. Reality has no place in right-wing la-la land.
Ellmers has continued to bombard “Obamacare” with one ridiculous challenge after another. First she favored repeal, then “defunding,” and now it seems she and other House Republicans on that committee are hoping to hobble the law by keeping people from finding their way through its options and provisions.
The process is daunting to many, particularly because Republicans in North Carolina have blocked the state from educating the public about the program.
This has gone beyond the classical definition of Congressional obstruction, where legislation or Presidential appointments are held up via parliamentary procedures. The Affordable Care Act proceeded through Congress properly, was signed into law, and was even aggressively vetted by the Supreme Court. Continued opposition by Congressional Republicans and their state counterparts represents a callous disregard for the Democratic process and an abrogation of their responsibility to work on other needed policies. And it's having a detrimental effect on the Federal government's ability to even function, much less function well. Which might be the whole point of this immature behavior.
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