Tax something more you get less of that something. Policymakers have long applied this logic to things they want to discourage like smoking and drinking, so why don't they apply it to taxing things like working?
Mark Haveman, our friend who runs the Minnesota Center for Fiscal Excellence, penned a brilliant op-ed in today’s Star Tribune that blows up Gov. Dayton’s stated main reason for vetoing the 2018 tax bill. Haveman devastated Dayton’s main criticism that “misguided priorities for corporations” emphasize “tax cuts for corporations over real people.” For starters, the claim of excessively favorable treatment of corporations doesn’t match the reported numbers. Conforming to the federal government’s broadening of the corporate tax base actually exposes more Minnesota corporate income to the state’s tax rates. According to nonpartisan legislative staff, the vetoed tax bill was projected...
What do these incidents have in common? Trump Derangement Syndrome, or people on the left who feel entitled to act in an uncivilized, unhinged manner because they hate Donald Trump. It feels like it is going to be a long, hot summer in the Twin Cities. Just wait until the National Education Association (NEA) holds it convention in Minneapolis June 30-July 5.
The pension bill, which Gov. Mark Dayton supports, is expected to become law though some lawmakers are stunned at the growing expense. Pensions are supposed to be covered by employer and employee contributions that are then invested by the state, but Minnesota stopped paying the full cost of pensions in the early 2000s. Imagine if you did that with your mortgage and then tried to catch up to avoid foreclosure.
[Photo Source: CCPD] The reality of violence directed against K-12 educators by students is highly concerning. For too many teachers, violence while on the job is prevalent, ranging from threats of physical violence to actual assault or physical abuse.
Gov. Dayton's veto of the tax bill means no tax conformity for Minnesota. This will lead to chaos next tax season as ordinary Minnesotans fill out more forms to pay more tax. But Gov. Dayton will be long gone by then.
Indiana utility wants to raise electricity bills as the company accommodates more solar, wind, and natural gas.