The State of North Dakota’s financial situation is the envy of the nation. According to the most recent revenue report from the Office of Management and Budget, total state revenues biennium to date are running 64.7% above last biennium. To put that in numbers, the state has collected $1.6 billion more in taxes so far…
ND Democrats Cooked Oil Production Numbers To Attack Tax Reform
Yesterday North Dakota Democrats sent out a press release (see below) making some wild claims about the fiscal impact of SB2336, which is a Republican bill to simplify and eventually lower oil taxes. According to the Democrats, SB2336 will “cost” the state billions in tax revenues. I have an objection to the idea that tax…