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Study Confirms Millennial Men are Still Playing Video Games in Their Parents’ Basements

For many years now, adults have been accusing young people of playing too many video games. Kids have snapped back, saying, “It’s my life. I can do what I want with it.” While middle schoolers pulling all-nighters on Fortnite may not be a huge deal, it is a different story now that Millennials are in their 20s and still refuse to put down the controller. A recent study compared how people spent their time in 2004-07 to 2012-15. The findings were quite striking, especially among men aged 21-30. A growing share of young men are spending excessive amounts of time playing...

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Governor Dayton Will Regret Vetoing Tax Cuts After Seeing U.S. Growth Numbers

This morning, the Bureau of Economic Analysis announced that GDP grew by 4.1% in Q2 (April-June) this year. Disposable personal income increased by 4.5% and is on pace to grow over 5% in 2018. This is great news for all Americans, as a strong economy means more opportunities for everyone. A large factor in our strong economy is the Tax Cuts and Jobs Act, which cut taxes and simplified the tax system. Low taxes, especially low income taxes, stimulate the economy by attracting investment and increasing incentives to work and produce. While Minnesota will benefit from the national tax bill, the economic...

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PolyMet Amendment Dropped From NDAA

The Duluth News Tribune ran an interesting article on the amendment to the National Defense Authorization Act (NDAA) that was meant to expedite the exchange of land between Polymet Mining Corp. and the federal government. Although the land swap has already occurred, it is unfortunate that Polymet will not have Congressional approval because anti-mining groups will now attempt to block the land exchange through the court system....

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New Great Plains Institute Study Hides the High Cost of Reducing CO2 Emissions

Advocates of reducing CO2 emissions from electricity generation have released a new study attempting to show the necessary steps to make 13 states CO2-free in the Midwest. Unfortunately, the study, released by the Great Plains Institute, failed to mention the massive cost of doing so. Renewable energy advocates like to pretend wind energy is the lowest-cost source of electricity. Yet, for Minnesotans, electric bills have increased 26 percent faster than the national average as we have added more wind and solar to the grid. According to the study, renewables would have to increase their energy share dramatically. Renewables currently provide 11 percent of...

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In the late 1990s, Minnesota cut its top rate of income tax. What happened to income tax revenues?

Between 1998 and 2000, Minnesota's top rate of income tax was cut from 8.5% to 7.85%. The effects? In 2017 dollars, income tax revenues in the nine years before 1998, when the top rate of income tax was at least 8.5%, averaged $5.8 billion. In the nine years after 2000, when the top rate of income tax was 7.85%, they averaged $7.8 billion. As a share of state GDP, in the nine years before 1998, Minnesota’s income tax revenues had averaged 2.8% of state GDP. In the nine years after 2000, our state's income tax revenues averaged 2.7% of state GDP....

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Minnesota Needs to Address Labor Shortage in Education Curricula

Why do most schools around the country have a three-month break every summer? The nine-month school year was adopted over a century ago, so children could work on the farms during prime harvesting months. This is an example of the public education system adapting to the economy. The top priority for any public education system should be preparing the students to be productive members of society, including preparing them to join the labor force. Currently, one of the top issues with the Minnesota economy is a labor shortage. Not just any labor, but high skilled labor in technical fields that require...

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Rep. Erik Paulsen’s bid to end Obamacare Medical Device Tax is expected to be signed into law this year

The 2.3 percent tax, which became effective in 2013, already took in $5 billion in three years, before getting suspended. The concern is that the tax will hurt small companies and suppress innovation and startups, with the attendant loss of jobs and economic growth. It is expected to be repealed by the end of 2018. DFL Senators who voted for Obamacare are in favor of repeal....

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