Tag Archives: savings

Bill Would Create State-Run Retirement Program For North Dakotans

Bill Would Create State-Run Retirement Program For North Dakotans

Rep. George Keiser, a Republican from Bismarck, wants the State of North Dakota to run a retirement plan for its citizens. It would be called the Save for Retirement Today Plan, if HB1200 passes. Here are the particulars: The program would be run through the State Treasurer’s office, with the Treasurer given the authority to

How Is Mandated Ethanol A Victory For Consumers?

According to the Associated Press, E15 (a fuel blend with 15% ethanol) “is currently sold in fewer than two dozen stations in the Midwest, but could spread to other regions as the Obama administration considers whether to require more ethanol in gasoline.” The oil industry has been resisting that expanded mandate, but was today dealt

Why North Dakota's Property Tax "Relief" Won't Work: State Money Isn't Free Money

State Senator Tom Campbell (R-Grafton) has a letter in the Grand Forks Herald today extolling the virtues of the state property tax spending (we have got to stop calling it “tax relief”) by explaining what the impact might be on the average property tax payer: Let’s assume you live in Grand Forks or Walsh County

State Board Of Higher Education Wants Another Look At Tuition Increases

Last week the North Dakota State Board of Higher Education approved more tuition hikes for the state’s students, but now Board President Duaine Espegard wants a second look While I agree that the tuition hikes do need a second look – the state legislature increased total higher ed spending by 32% for the coming biennium

Online Sales Tax May End Up Being A Tax On Your Retirement Savings

There’s nothing fair about the Marketplace Fairness Act, which both of North Dakota’s Senators voted for. In addition to lumping more red tape and tax burden onto online shopping – which means higher prices for everyone who shops online – its an expansion of taxation to companies that use none of the services the taxes

Dorso Column: Solve North Dakota's Spending Problem With Tax Cuts

The problem with governments and excess revenue is that there are a lot of people, bureaucrats, legislators and special interest groups who have “great ideas” on how to spend it. The real difficulty is that legislators have a problem saying no. It is immensely easier to agree with spending when you have a lot of

President Obama's War On Saving

“I do think at some point you’ve made enough money,” President Obama said in 2010. Here’s that attitude about wealth at play, with President Obama’s budget calling for a cap on savings in IRS and 401k plans: Obama’s budget seeks to prohibit investors from accumulating over $3 million in tax-preferred retirement accounts. “Individual retirement accounts

Video: North Dakota Senate Passes Obamacare Medicaid Expansion

The North Dakota Senate today brought to the floor HB1362, which contains the expansion of the state Medicaid program originally mandated by Obamacare. The Supreme Court, however, ruled that the states get a choice. With a lot of Republicans saying they dislike the bill but will vote for it, the bill passed on a 33-14

"Unexpected Savings" Suddenly Allow Sequestered North Dakota Tourist Spot to Open After All

If there is any evidence that the Obama administration is gaming the “sequester” spending reductions to make them as painful and visible as possible, let it be the fact that a popular North Dakota tourist spot can now suddenly stay open because suddenly someone found some money or something after Senator John Hoeven got involved.

Obama Pushing Banks To Make Subprime Loans Again

“Obama administration pushes banks to make home loans to people with weaker credit,” reads the Washington Post headline. Because it worked out so well the last time we did that. The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say

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