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Minnesota Still one of 10 Worst States for Business Taxation.

The Tax foundation has released its 2020 State Business Taxation Index and Minnesota is ranked 45th among the 50 states. The state is down from 43rd for 2019, and slightly better than 46th for 2017 and 2018. Minnesota has generally ranked among the worst 10 states for business taxation mainly due to high corporate income and individual income taxes. There has been no significant change in tax scores or rankings for Minnesota. Minnesota Tax Ranking 2017 2018 2019 2020 Overall Tax 46 46 43 45 Corporate Income Tax 43 43 42 44 Individual Income Tax 45 46 46 46 Sales Tax 25 25 27 28 Property Tax 28 28 31 26 Unemployment Insurance Tax 33 37 25 34   Minnesota Tax scores 2017 2018 2019 2020 Overall tax 4.19 4.31 4.37 4.35 Corporate Income Tax 4.41 4.21 4.20 4.33 Individual Income Tax 3.14 3.49 3.62 3.61 Sales Tax 4.82 4.80 4.76 4.63 Property tax 4.80 5.01 5.07 5.07 Unemployment Insurance Tax 4.87 4.73 4.89 4.78 There is a way out Some states have been...

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China is Building 34 Times More Coal Than Exists In Minnesota, So Why Are We Raising Our Power Prices?

According to an article in The Financial Times, China is set to add new coal-fired power plants equivalent to the EU’s entire capacity. as the world’s biggest energy consumer ignores global pressure to rein in carbon emissions in its bid to boost a slowing economy. The article states that China is building 148 gigawatts, or 148,000 megawatts, of coal. For context, Minnesota has 4,309 MW of coal, meaning China will build 34 times more coal-fired power plants in the coming years than currently exist in the Land of 10,000 Lakes. In fact, these coal additions mean will nearly eclipse the entire...

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MIT Pumps the Brakes on Electric Vehicle Cost Decline Estimates

A new report from the MIT Energy Initiative warns that EVs may never reach the same sticker price so long as they rely on lithium-ion batteries, the energy storage technology that powers most of today’s consumer electronics. In fact, the research found it will likely take another decade just to eliminate the difference in the lifetime costs between electric vehicles and gas- and diesel-powered vehicles, even after higher fuel and maintenance expenses of standard cars and trucks are taken into account. Hopefully Governor Walz and the Minnesota Pollution Control Agency, who want to adopt California regulations mandating the use of electric cars,...

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Help Us Stop Governor Walz From Imposing California’s Car Rules on Minnesota!

In late September, Governor Walz announced that he would seek to impose California's mandates for zero emission vehicles and low emission vehicles on Minnesota. Rather than passing this proposal through the normal legislative process, Governor Walz is trying to impose these rules on Minnesotans by instructing the Minnesota Pollution Control Agency to draft the mandates forcing our state to comply with regulations drafted by unelected bureaucrats on the California Air Resources Board. Why wouldn't Governor Walz want to go through the legislative process where legislators can weigh the pros and cons of the proposal and vote accordingly? Probably because these regulations...

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Our Perspective: Minnesota’s Days of Cheaper Electricity Seem Numbered

This weekend, Mike Hughlett of the Star Tribune wrote an excellent article entitled "Minnesota's Days of Cheaper Electricity Seem Numbered," which details how Minnesota electricity prices have increased substantially in the last 15 years. The piece is an important acknowledgement that the energy policies pursued in Minnesota are causing electricity costs to rise, an argument Center of the American Experiment has been making since late 2017. I have included portions of the article below and added additional  commentary to provide more context to help readers understand the topic in a more comprehensive manner. The article begins below: "Hefty rate hikes that Minnesota’s...

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If Xcel Is Your Electricity Provider, Congrats: You’re Paying The Most Expensive Electricity Rates in Minnesota

The most expensive electricity rates in Minnesota

We have been reporting for some time that electricity rates in Minnesota are now surpassing that of the national average. With this new information, it’s now safe to say that as the largest and most expensive electric utility in the state of Minnesota with the highest rate increases since 1999, Xcel Energy is the prime reason for the loss of the state’s price advantage....

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