Minnesota does not need tax hikes
There is no good reason for the Minnesota government to demand more of taxpayers' money in light of the projected budget surplus.
There is no good reason for the Minnesota government to demand more of taxpayers' money in light of the projected budget surplus.
Does this mean they are taxed too heavily?
A new forecast for 2022-2023 is due later this month and there is pretty widespread agreement that it will see the forecast $1.3 billion deficit disappear. If it does vanish,…
This is while other states are reducing their corporate income tax rates.
As we explained in our recent report “Closing Minnesota’s Budget Deficit: Why we should make spending cuts and not raise taxes,” Gov. Walz' proposals are absurd for five main reasons.
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…
Gov. Walz's proposed tax hikes would be a bad idea. Here's why.
If Minnesota closed its deficit by cutting welfare spending by $2.4 billion, the amount of welfare we spend per person in poverty would still rank us sixth highest in the…
The balance of empirical research on the effects of state tax rates on economic growth is clear: high tax rates and tax hikes slow economic growth and these negative effects…
The dollar amount of tax revenue seems far more likely to be a function of the size of the state’s economy than of its tax rates. If you want more…
Minnesota has the fifth highest top rate of state personal income tax in the United States, our state’s lowest personal income tax rate is higher than the highest rate in 25…
Today we release our new report which explains why spending cuts, not tax hikes, should close Minnesota's budget deficit.