Because if you lower taxes, you’ll get even more tax revenue, and then the state will have an even bigger surplus. Duh.
:^)
Bike Bubba - 10:05am on 05/13/2008
I don’t see why Hoeven would be against the tax cut. With an almost $1 billion surplus one would think that some tax relief could be given to North Dakotans and ND businesses. This would only attract more businesses to move to North Dakota which would make the state even more profitable.
dougee - 10:05am on 05/13/2008
Hoeven is against it because he’s a big-government Republican.
But I think he’s going to be forced to offer some sort of tax relief plan.
Rob - 10:05am on 05/13/2008
I think the money would be better spent giving all state employees an assistant so that they wouldn’t actually have to do any work.
That’s a lot of money for a rural state like North Dakota. Granted, it wouldn’t take long to decide how to spend it. But I think it shows how well North Dakota is doing economically right now. I give most of the credit to the energy industry.
Dakota Lifestyle: Beyond the Weather - 01:05pm on 05/13/2008
Just to clarify....This is NOT a budget surplus. This is the Treasury balance...the working capital for the State of North Dakota. The budget surplus sits around $2 million.
Kelly Schmidt - 05:05pm on 05/13/2008
quick fingers.....that’s $200 million
Kelly Schmidt - 05:05pm on 05/13/2008
Ah that sounds more better.
The Whistler - 05:05pm on 05/13/2008
I thought the budget surplus was supposed to be around $800 million. That is what I heard from a few legislatures at the state convention.
Because if you lower taxes, you’ll get even more tax revenue, and then the state will have an even bigger surplus. Duh.
:^)
I don’t see why Hoeven would be against the tax cut. With an almost $1 billion surplus one would think that some tax relief could be given to North Dakotans and ND businesses. This would only attract more businesses to move to North Dakota which would make the state even more profitable.
Hoeven is against it because he’s a big-government Republican.
But I think he’s going to be forced to offer some sort of tax relief plan.
I think the money would be better spent giving all state employees an assistant so that they wouldn’t actually have to do any work.
Wait a minute......
That’s a pittance. You barely expand a refinery for that money.
That’s a lot of money for a rural state like North Dakota. Granted, it wouldn’t take long to decide how to spend it. But I think it shows how well North Dakota is doing economically right now. I give most of the credit to the energy industry.
Just to clarify....This is NOT a budget surplus. This is the Treasury balance...the working capital for the State of North Dakota. The budget surplus sits around $2 million.
quick fingers.....that’s $200 million
Ah that sounds more better.
I thought the budget surplus was supposed to be around $800 million. That is what I heard from a few legislatures at the state convention.