Economy

Economy

Tillis Flip-Flops On Trump’s Tariffs

Voicing support for the tariffs while it was politically advantageous for him in gaining Trump’s favor and then flipping his script when they went wrong, as predicted–without naming the party responsible–is weak. While Tillis bounces back and forth, desperately trying to balance the extremism of his party’s primary voters with the moderate general electorate of North Carolina, his constituents suffer.

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Economy

NC expected to see higher insurance rates, car prices as a result of Trump’s tariffs

The price of car parts will go up by more than 25%, which will affect the majority of vehicle prices since many, including ones built in the U.S., use parts from Canada and Mexico. Car prices will go up for around 90% of new cars made in North America, according to Matthew Metzgar, an economics professor at UNC Charlotte.  A recent study suggested that some car prices, particularly full-size trucks and SUVs, could go up by as much as $10,000. 

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Economy

House Democrats try to move North Carolina’s minimum wage closer to a living wage

Democrats in the North Carolina legislature are attempting to raise the state’s minimum wage which has not been increased in over 15 years. Representatives Allison Dahl (D-District 11), Aisha Dew (D-District 111), Bryan Cohn (D-District 32), and Marcia Morey (D-District 30) filed House Bill 353, titled the “Fair Minimum Wage Act”, would not just raise the minimum wage once but continue to raise it as time goes on. 

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Economy

North Carolina Gov. Josh Stein Outlines Robust Policy Agenda in First State Address

The theme of Stein’s speech was “North Carolina Strong,” a motto the newly elected governor has used to rally North Carolinians who are in the midst of a hurricane rebuild, rising costs, and deep federal funding cuts. He recognized several honored guests from across the state, leaders in fields such as education and law enforcement that Stein believes have embodied his view of “North Carolina Strong.”

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