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Minnesota’s economic performance continues to be unimpressive. And there are signs for concern about the future

Yesterday, we released our new report The State of Minnesota’s Economy: 2018. After finding Minnesota's economic performance to be 'lackluster' last year, we had to raid the thesaurus again. Our state's economic performance continues to be unimpressive. Furthermore, looking at key drivers of future growth, there is cause for concern. ...

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Congress: Help Small Employers Offer Retirement but Fairly Allocate Its Costs

I recently wrote about a bill called "RESA" (Retirement Enhancement and Savings) quickly making its way through Congress; it would entice small employers with a tax break to offer retirement benefits to employees by allowing them to band together, acting like a larger employer that can afford to manage and pay for the administration of 401(k) and IRA plans. I applauded the idea but complained that the cost of RESA (lost tax revenue) was being loaded solely onto my kids should they inherit the plans from me, probably at their highest lifetime tax rate. The idea that they would be force-marched...

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If we want carbon taxes without riots, reduce other taxes

Very often, the people who argue that carbon taxes need to be higher are the same people who argue that all the other taxes should be higher as well. Do they want to save the planet? Or do they just want higher taxes? If they were willing to accept cuts in other taxes to offset increased carbon taxes, they might find less resistance to their policies. ...

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French Tax on Gas and Diesel Triggers Enormous Protests

Diesel prices in France have skyrocketed more than 23 percent over the last 12 months and French motorists already spend more than $7.00 per gallon, USD. Despite these enormous costs, French President Emmanuel Macron has stated the rising gas taxes are needed to reduce France’s dependence on fossil fuels and fund renewable energy investment.  The new taxes would raise the cost of diesel fuel by nearly 30 cents per gallon, and will continue to climb in the coming years....

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Let’s Help Small Employers Offer 401(k)s But Not at the Expense of My Kids

It has been decades since Congress addressed retirement plans in a comprehensive way; the Left is capitalizing on that by getting states to offer defined benefit plans for low-income private sector employees. Several states including California (of course) have already passed the legislation needed to begin what will essentially become state-managed pensions for everyone. That is a bad idea worth killing by offering a better idea. The President and Congress are thinking about ways to help smaller employers band together so they can offer a retirement plan to their employees but who pays to get this done? Your kids. ...

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Taxpayers Push for Vote on City’s Pricey Community Center Plan

One issue won't be on the ballot in the Twin Cities suburb of Andover. It's the mega-bucks proposed expansion to the city's community center. The nearly $19 million price tag has stirred up controversy and calls for a referendum, according to the Star Tribune. The project has split the City Council, which voted 3-2 last month to move forward while directing staffers to cut costs. An $18.9 million project budget would mean a property tax hike of about $113 for owners of a $250,000 house, the median value in town. Some residents point out that would come on top of the tax sting from...

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Is Minnesota introducing taxation without representation?

Under the proposed Minnesota Health Plan, eight people would be appointed to the new Minnesota Health Board by regional health boards. These eight would then appoint another seven people. Together, these fifteen people would have the power to tax you to pay for this plan. And you wouldn't able to vote them out of office. Isn't that taxation without representation? ...

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