Tag Archives: income taxes

Guest Post: Legislature Doing Big Things For North Dakota

Guest Post: Legislature Doing Big Things For North Dakota

The 2013 North Dakota Legislative Session has reached the half way point known as crossover. That is the point where legislation that has passed the House and the Senate crosses over to be considered by the other legislative body. Predictably, the first half has been like watching sausage be made. There are lots of options

ND House Votes Down More Tax Bills

Yesterday the North Dakota House voted down a number of tax bills, most notably one that would have suspended the state income tax for two years, and today another laundry list of tax bills got shot down. Here’s the kill list: HB1396, introduced by Rep. Kim Koppelman, would have required that any property sold in

Guest Post: Change Oil Taxes To Protect The People

North Dakota’s current oil tax policy is an assortment of taxes, triggers and discount incentives that have been cobbled together over the last 60 years. Not only has new technology made our tax policy obsolete, our current oil tax law poses great risk to our state’s long term oil tax revenue dependability. As chair of

Grand Forks Herald: Tax Cuts Are A "Libertarian Extreme"

It seems the editorial page at the Grand Forks Herald has become more and more shrill in its denunciations of limited government ideals. Though the Herald has always been to the left of the average North Dakota voter, normally the editorials can be counted to be above the sort of name-calling and invective displayed in

The Case For Eliminating North Dakota's Income Tax

In an article about push by Republican governors and legislators around the nation to reduce, and even eliminate, income taxes the Wall Street Journal cites a remarkable statistic: A new analysis by economist Art Laffer for the American Legislative Exchange Council finds that, from 2002 to 2012, 62% of the three million net new jobs

Schafer Column: Raising The Cost Of Oil Production In North Dakota Is A Bad Idea

I always find it interesting how Republican Senators can figure out ways to raise revenues when we have a huge surplus and don’t need the dough. Case in point, state Senator Dwight Cook’s proposal for oil tax reform. Here are some thoughts: The E&P companies will be required to withhold income taxes for royalty owners

Interview: Senator Dwight Cook Introduces Major Oil Tax Reforms

Today Senator Dwight Cook introduced SB2336 (not available online yet) proposing several major changes to North Dakota’s oil taxes. He took a few minutes to talk with me about the changes after a press conference with House Majority Leader Al Carlson and Senate Majority Leader Rich Wardner announcing them. Here are the specifics of the

Will North Dakota Democrats Be Dropping Their Opposition To Corporate Tax Relief?

Over the last several legislative sessions, because the State of North Dakota has been enjoying a tax revenue windfall, various tax relief measures have been debated before the legislature. One area of tax relief that has passed has been reductions in the corporate income tax rate, which Democrats hate. Democrat Senate Minority Leader Mac Schneider

Memo To Bobby Jindal: Republicans Have To Be the Party Of Austerity

Louisiana Governor Bobby Jindal, who recently announced a plan to eliminate his state’s personal and corporate income taxes, says Republicans need to talk about growing our way out this national fiscal swamp we find ourselves in rather than cutting our way out: “Our objective is to grow the private sector. We need to focus our

Shocker: North Dakota Chamber Of Commerce Against Tax Relief

Yesterday Rep. Scott Louser’s (R-Minot) idea to suspend the state’s personal income tax for two years got a committee hearing at the legislature. And who was their to testify against it? Our friends from the North Dakota Chamber of Commerce who, despite being an allegedly business-friendly lobbying group, can’t ever seem to find any actual

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