Here is what’s wrong with Walz’s spending plan
With a projected $7.7 billion surplus as well as $1.1 billion unspent federal funds, the biggest question in the upcoming legislature will be how to spend those funds. And yesterday,…
In response to the Budget and Economic Forecast projecting a $1.332 billion surplus, Center of the American Experiment Economist John Phelan released the following statement:
“We can attribute this budget surplus to economic growth driven by federal tax cuts. This shows again that pro-growth policies are more effective at generating revenue than confiscatory taxes. There is absolutely no argument for tax increases with such a large surplus.
“This doesn’t mean lawmakers should go on a spending spree. Weakening manufacturing indicators driven by federal trade policy, coupled with slower employment growth, shows that we cannot take economic growth for granted.”