Tag Archives: Taxes

While Finally Promising To Pass A Budget, Democrats Aim Tax Hikes At Energy Industry

While Finally Promising To Pass A Budget, Democrats Aim Tax Hikes At Energy Industry

Senate Democrats, who apparently think budgeting is like inaugurating presidents in that it’s only to happen every four years, have finally said they’ll pass a budget in 2013 after four years of not budgeting at all. Which the sort of had to do since Republicans are making Senate budgeting a prerequisite of a debt ceiling

ND Democrats Use Martin Luther King Day To Rail Against Tax Relief

And this is why Democrats are on the political fringe in North Dakota (click for a larger view): It’s always class war, all the time with these people. We can’t have a reasoned debate about the state’s tax code as it relates to the oil industry because BIG OIL IS EVIL AND STUFF, CLICK HERE

When You Tax Rich People You Get Fewer Of Them

Professional golfer Phil Mickelson is talking about making some drastic changes in his life thanks to both to federal tax hikes and tax increases in his home state of California: The 42-year-old golfer said he would talk in more detail about his plans – possibly moving away from California or even retiring from golf –

North Dakota's Oil Tax Must Be Fixed

The Bismarck Tribune sounds a note on energy taxation and regulation that legislators ought to heed: Although the state has become comfortable with surplus revenues from oil and gas (make that expectant of surpluses), the Legislature needs to take a methodical and well-reasoned approach to any long-term financial commitments. It’s not likely oil production will

Americans Still Upset About Smaller Paychecks Post "Fiscal Cliff"

It’s unfair that a “greedy” Congress take more out of paychecks, according to outraged Americans. Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle. Hoffman, a 21-year-old

Interview: ND State Rep. Proposes Two Year Suspension Of The State Income Tax

If there are two to priorities for the legislature, in the eyes of the general public, it is addressing needs created by the state’s fast-growing economy and population and using some of the state’s revenue windfall for tax relief. To that latter point, there are a number of proposals on the table for tax relief.

Due To High Taxes, Sixty Percent Of New York Cigarettes Are Bootlegged

Wow: A new study released by the Tax Foundation shows that over 60 percent of cigarettes are smuggled in to New York to avoid the state’s high cigarette taxes. The smuggled cigarettes are usually transported from states with lower taxes on cigarettes. New York State has some of the highest cigarette taxes in the nation

Republican States Run Surpluses, Democrat States Run Deficits

One of the wonderful things about our federalist system of government is that our states can act as “laboratories of democracy,” as Supreme Court Justice Louis Brandeis put it. Which is to say, each state can address policy issues in different way, with observable differences in results. It’s interesting to apply that to fiscal issue.

Let's Be Clear: Governor Dalrymple's Budget Includes Zero Tax Relief

The precise use of language is vital in politics. After all, that language is the basis upon which the laws we must live under are built, so what words mean is important. Which is why it’s frustrating when publications like the Bismarck Tribune insist on calling Governor Dalrymple’s property tax shift tax relief. Property tax

Americans May Be Getting An Idea For What Social Security Really Costs Them

“For the first time in two decades, we raised taxes on the wealthiest 2% of Americans in a bipartisan way, while preventing a middle-class tax hike that could have thrown our economy back into recession,” President Obama said in his weekly address yesterday. “Under this law, more than 98% of Americans and 97% of small

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