Tag Archives: income taxes

North Dakota's Government Is Twice As Large As Minnesota's In Terms Of Gross State Product

North Dakota's Government Is Twice As Large As Minnesota's In Terms Of Gross State Product

Yesterday Governor Jack Dalrymple signed into law and praised income tax cuts that were twice as large as what he called for in his executive budget. In fact, had Dalrymple not budgeted for such tiny cuts to state income taxes, the state Senate wouldn’t have had the leverage to bully the House into slashing the

Late Into The Night, Legislature Votes To Buy Up $865 Million Worth Of Local Property Taxes

The House and Senate finally found some common ground on property taxes after a row kicked off yesterday morning when the House reconsidered, and rejected, Governor Jack Dalrymple’s plan to have the state effectively take over education funding from the local governments. Here’s what went down: Governor Dalrymple’s $714 million education mills buy-down was reduced

North Dakota House Caves, Approves Senate's Smaller Income Tax Cuts

Back in February the House passed a bill sponsored by Rep. Craig Headland which would have reduced the state’s corporate and personal income taxes by more than $500 million. “The question now is, how much will the Senate water these cuts down?” I asked in a post at the time. Flash forward to May and

North Dakota Tax Revenues Up Nearly 64% Over Last Biennium

North Dakota’s economic boom continues to drive a boom in tax revenues for the state. According to the latest numbers from the Office of Management and Budget released this morning, the state has seen a 63.6% in revenues biennium-to-date over the last biennium. So far state revenues have increased nearly $1.7 billion over the last

Shocker: Senate Strips $375 Million Out Income Tax Cuts Passed By The House

About the only bright spot for tax relief this legislative session was a half-billion dollar package of corporate and personal income taxes passed by the House. Unfortunately, and as expected, the state Senate has watered those tax cuts down to the paltry $125 million in cuts proposed in Governor Jack Dalrymple’s executive budget. And Senate

Study: Turns Out Federal Money Isn't Free Money For North Dakota

The North Dakota Policy Council, in partnership with Columbia Economics, has released a study about the impact of federal grants on state spending. Not surprisingly, it turns out that federal money isn’t free money. Not only does it cost us all as federal tax payers, but by accepting the money the state ends up inflating

Federal Employees Owe $3.5 Billion in Back Taxes, White House Employees Owe

Maybe this “pay your fair share” stuff should start with the federal government. In the White House, specifically: The number of federal workers and retirees who owed delinquent income taxes jumped by nearly 12 percent in 2011, the Internal Revenue Service said Friday. Nearly 312,000 federal workers and retirees owed more than $3.5 billion in

Corporate Tax Cuts Are Ok As Long As They're Democrat Tax Cuts

Democrats in North Dakota gripe endlessly about income tax relief, claiming that they’re ok with tax relief for individuals but against tax relief for “out of state corporations.” Forget that any sort of broad tax relief for business is, by necessity, going to include out-of-state businesses which operate in the state. And why shouldn’t it?

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