Minnesota’s Economic News — W/E 2/17/22
State and local taxes and spending Country Messenger: Governor Walz highlights budget KROC: No sign of a slowdown for Minnesota tax collections Star Tribune: Minnesota’s tax structure is enticing many…
State and local taxes and spending Country Messenger: Governor Walz highlights budget KROC: No sign of a slowdown for Minnesota tax collections Star Tribune: Minnesota’s tax structure is enticing many…
When both Minneapolis and St. Paul proposed rent control on their ballots, American Experiment warned that passing such a policy would deter construction. This has come to pass in St.…
Last year, my colleague Martha Njolomole noted that: Approximately 1 in every 5 Minnesotans has an occupation that requires a license. According to a 2017 report by the Institute of…
Minnesotans suffer from higher-than-average prices for accommodation and childcare. In both cases, the cause is excessive taxes, fees, and/or regulations, imposed by government, which restrict supply relative to demand and…
Back in 2021, Huber Engineered Woods, a North Carolina company, announced a $440 million operation in northeastern Minnesota. It would have brought 150 new, high-paying jobs to southwest Itasca County,…
State and local taxes and spending Duluth News Tribune: A DFL View: Eliminating Minnesota state tax on Social Security ‘would come at an enormous cost’ Duluth News Tribune: Our View:…
Even with a forecast budget surplus of $17.6 billion over the next budget biennium, the DFL leaders in St. Paul are proposing to raise a range of taxes. There are…
State and local taxes and spending Duluth News Tribune: Statewide View: Is the DFL trying to chase people out of Minnesota? Duluth News Tribune: Our View: Minnesota taxpayers, brace yourselves…
Why well-intentioned government policies to help the poor often fail.
Why the state’s economic outlook isn’t as rosy as the Walz administration makes it seem.
In 2020-’21, Census Bureau data showed that 13,453 Minnesota residents left for other states, our state’s biggest net loss of domestic migrants in at least 30 years. That record stood for only…
Minnesota underperforms in terms of economic freedom.
State and local taxes and spending U.S. News: Tax the Rich? Liberals Renew Push for State Wealth Taxes CBS News: A national wealth tax has gone nowhere. Now some states…
State and local taxes and spending Kare 11: Tax conformity bill delivers tax cuts Kare 11: New MN tax bill and its impact KIMT 3: Some Minnesota DFL lawmakers express…
Data from the Bureau of Labor Statistics shows that Minnesota lost 5,200 jobs in December. And as always, that's still not the full story.
State and local taxes and spending Minn Post: Will Minnesota taxes from legal marijuana help pay for education, social programs? Probably not U.S. News: Minnesota Governor Still Wants Tax Rebates…
When disasters strike, they are usually accompanied by shortages of various necessities. This essentially necessitates that the prices for those goods rise — in most cases higher than normal —…
Recognizing important economic relationships allowed us to see inflation coming back in 2021. Today, they strongly suggest a sharp slowing of inflation ahead.
It's not just Golden Girls or Grumpy Old Men who are fleeing the state. In fact, we've seen a net loss of residents across these age groups over the last…
If the federal government decides to pursue anti-agriculture policies in the name of fighting climate change (like those of the Netherlands), it is...
State and local taxes and spending Duluth News Tribune: State Senator’s View: With so many challenges, now is the time to invest in one another Grand Forks Herald: Surplus, Social…
Among the DFL’s priorities to move Minnesota forward in the upcoming legislative session is the idea to increase funding for early care and learning. Specifically, the DFL wants to: Help…
2022 was a tough year for parents trying to find baby formula. But after months of parents facing empty shelves, Congress waived tariffs, which can be as high as 17.5%,…
The Minnesota DFL, now holding a trifecta in state government, released their legislative priorities yesterday: These are aspirations, ends rather than means. We should ask, 1) Is there a problem?…