Bismarck, ND – The North Dakota State Tax Commissioner says the President’s plan could double the standard deduction.
Commissioner Ryan Rauschenberger said people in our state could be able to take home more money in their pay checks with this kind of tax reform. That’s because, the president wants to increase the amount of our standard deductions.
“70% of North Dakotans claim the standard deduction. They don’t itemize their deduction. They just claim that standard, check the box, one deduction. The President is talking about doubling that and that is big for North Dakota,” he said.
A Mandan businessman liked what he heard on Wednesday. During the president’s speech, he mentioned Nick Hacker. He’s the president of North Dakota Guaranty & Title Company.