Tag Archives: tax cuts

John Olsrud: Why Send So Much Tax Relief Out Of State?

John Olsrud: Why Send So Much Tax Relief Out Of State?

If a large corporation were to relocate from North Dakota to another state, we would justifiably be concerned about the loss of millions of dollars from our economy. Economists would be applying the multiplier effect and telling us the total loss to the state’s economy would be several times the money generated by that corporation.

Ironic: Governor Dalrymple Gets Credit For Other People's Tax Cuts

The Cato Institute today released their analysis of gubernatorial performance on fiscal issues. North Dakota’s Jack Dalrymple got a pretty good grade, coming in 12th in the nation, though I’m not sure he deserves it. The full report from Cato is here. Here’s their summary of Dalrymple’s performance:   Dalrymple got a much lower grade

Senator Ray Holmberg Picked For Legislative Management Chair, House Republicans Not Happy

Even though a member of their own party got picked to serve as chairman of Legislative Management during the interim between sessions, House Republicans aren’t happy. Legislative Management is probably best described as a mini-legislature which is empowered to make many policy and spending decisions until the next time the full session is in session.

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

With Enrollment Down Over 10 Years, Where Is North Dakota's Record Education Spending Going?

In recent years North Dakota has seen tremendous growth in K-12 education spending, and this legislature didn’t change that trend. The property tax shift included included in education funding has gotten the most attention, and even with the legislature shaving a bit off Governor Dalrymple’s proposed buy-down of education mills, the state is getting a

House Raises Oil Taxes: "I've Never Had Someone Call Me To Raise Their Taxes Before"

Earlier this week the North Dakota House rejected HB1198, which would have ended certain tax exemptions for the oil industry, but offset those tax increases with a reduction in the oil extraction rate. Unfortunately, that failed, so the bill came back to the House today just the tax increases and not the rate reductions. Rep.

House Kills Property Tax Bill On Reconsideration, "I Feel Like We've Been Held Hostage"

Today the House reconsidered their vote yesterday approving Governor Jack Dalrymple’s $714 million property tax reform bill, and they killed it on a 53-39 vote. “Yesterday we succumbed to the fact that all we could get from the Senate was $250 million in personal and corporate income tax cuts,” said House Majority Leader Al Carlson

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

You'd Think Governing With A Super Majority Would Be Easier

North Dakota’s legislators are getting the morning off to attend the funeral of former North Dakota Governor Bill Guy, but that doesn’t mean they don’t have a lot of work to do. On the 79th day of a constitutionally-constrained 80 session the House and Senate are still miles apart on a lot of key issues.

House Shoots Down Bill To Make Oil Tax Simplification Revenue-Neutral

In a state where revenues are running, in the current biennium, about 67% above last biennium we have no business raising taxes. But Democrats, joined by a number of Republicans, lead the charge to kill a half-cent decrease in the state’s oil extraction tax. The idea was to offset the tax increase resulting from the

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