Oklahoma Gov. Mary Fallin proposed slashing state income tax rates this year and eventually phasing out the tax.
Credit Daniel Acker / Bloomberg via Getty Images
North Dakota, which is in the midst of an oil boom that has filled government coffers, is considering property tax legislation that would cut taxes by $812 million a year, according to the state Tax Department.
Credit John Hanna / AP
Kansas state Rep. Joe Patton, a Topeka Republican, talked about proposals to eliminate the state's income tax during a November news conference.
Last night at the Sotheby's auction house in New York, there was something to scream about. Our last word in business is: "The Scream."
STEVE INSKEEP, HOST:
As we reported yesterday, the Expressionist masterpiece by Edvard Munch went up for sale. There are four versions of this composition, but just one had been privately held by an heir of one of Munch's patrons.
Let's talk about this more with NPR diplomatic correspondent Michele Kelemen. She's traveling with Secretary of State Hillary Clinton. She's in Beijing. And Michele, how did this seem to go so wrong so quickly?
NPR's business news starts with control of the energy.
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GREENE: In South America, a shift towards political populism has led to the nationalism of an oil company in Argentina and an electricity provider in Bolivia. Both of the companies seized are Spanish. The nationalizations are hitting Spain during a time of deep economic crisis. And as we'll hear in a few minutes from reporter Lauren Frayer, they sparked a lot of anger in Spain.
Bolivia and Argentina's nationalization of Spanish companies hasn't gone over well in Madrid. Spanish officials say Bolivia and Argentina will pay the price in the long run, as investors become weary of doing business if their assets could ultimately get seized.
Earlier this week, President Barack Obama and Afghan President Hamid Karzai signed a strategic partnership agreement in the Afghan capital Kabul. The deal put a spotlight on a future Afghanistan that does not include a massive number of American and NATO troops.
Steve Inskeep talks to Steve Coll about his new book, Private Empire: ExxonMobil and American Power. In it, Coll delves into the business model of one of the country's largest and most profitable corporations. He explores how the Exxon Valdez oil spill in 1989 shaped the culture at the company for years to come.
The sports world is mourning the death of a great football player, and by many accounts a great man. Junior Seau was only 43 years old when he died yesterday of a gunshot wound to the chest. Police in Oceanside, California, where Seau lived, and died, say they're investigating the death as a suicide.
Junior Seau played in the NFL for 20 years - 13 of them for the San Diego Chargers. He established himself as one of the greatest linebackers in NFL history. Joining me now is NPR sports correspondent Tom Goldman.