The 2024 legislative session crashed to a conclusion late Sunday night amid scenes of chaos as the DFL rammed through a 2,800 page Omnibus Bill that nobody had read and…
Pointless A helpful way to begin assessing proposed legislation is to ask two questions: What problem does this bill address? How will this bill address that problem? A good example…
From time to time I have been accused of only ever offering criticisms of what is wrong with Minnesota’s economy and the state’s economic policy and of failing to offer…
Minnesota now has the highest rate of corporate tax in the United States. As the National Federation of Independent Business explains: As of January 1, Minnesota’s corporate tax rate remains…
One way to generate increased per-worker output — which is the essence of economic growth — is to increase the amount of capital per worker. How can policy drive that?…
Back in 2021, Minnesota enacted a roughly $5 million a year tax credit intended to attract TV and film productions to the state. The Film Production Tax Credit: …provides an assignable 25%…
Last year, I wrote about a paper by economists by economists James Cloyne, Joseba Martinez, Haroon Mumtaz, and Paolo Surico which found that: A corporate income tax cut leads to a…
One of the new media fashions is to put the phrase ‘Fact Check’ or some variation of it into the title of a piece. This is meant to tell you…
Corporate taxes are some of the more popular taxes there are. Last year, Morning Consult found that: “Sixty-five percent of registered voters said they strongly or somewhat support funding Biden’s…
Gov. Tim Walz has proclaimed this week as Small Business Week in Minnesota. The press release reads: From September 13 – 15th of this week, Commissioner Grove will be visiting…
A couple of weeks ago I wrote about how President Biden’s proposed corporate tax hike will be bad for Minnesota businesses. The proposal, to raise the corporate tax rate from…
Yesterday, I wrote about some of the research on the effects of corporate taxes on entrepreneurship. But the positive observation that higher rates of corporate taxation lead to lower rates…
Tax rates matter. They play a big role in how competitive a state economy is in relation to other states. Higher tax rates not only penalize hard working individuals, families…
The Department of Revenue found that 46% of the burden of corporate tax hikes falls on Minnesota's consumers in the form of higher prices and 27% falls on our state's…