Last January, I wrote a post titled “12 things for state legislators to do.” None of them got done, but, as an eternal optimist, here, slightly amended, is my list…
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…
How indifference about the whopping budget surplus could permanently anchor Minnesota as a second-rate state. The solution: Give it back!
What to do with Minnesota’s historic surplus of $9.3 billion? That is the question dominating the Legislature. Some are advocating for tax relief through permanent rate cuts, and our state…
This week sees the launch of our new report, ‘It’s Our Surplus: Give It Back!: The case for permanent tax cuts for Minnesotans.’ In it, we argue that Minnesota’s politicians,…
Yesterday, we released our new Policy Briefing, ‘Reducing Tax Complexity for Minnesotans.’ Today, we release another, ‘Reducing tax complexity for Minnesota’s businesses.’ Minnesota ranked 45th out of 50 states in…
Today, we release our new Policy Briefing, ‘Reducing Tax Complexity for Minnesotans.’ This starts by noting that Minnesotans are some of the most heavily taxed citizens in the United States.…
Tax cuts, students, transparent healthcare, and reliable, affordable energy.
On Dec. 7, Minnesota Management and Budget (MMB) released its budget forecast for Fiscal Year 2022-23 which foresaw a $7.746 billion projected surplus. This immediately sparked a debate about what should be…
On Dec. 7, Minnesota Management and Budget (MMB) released its budget forecast for Fiscal Year 2022-23 which foresaw a $7.746 billion projected surplus. This immediately sparked a debate about what should be…
Every year, the Tax Foundation publishes the State Business Tax Climate, where they rank states depending on how friendly state taxes are to business. In addition to how much states…
Every year, the Tax Foundation publishes the State Business Tax Climate Index. The study ranks states not only on how much taxes they impose on businesses, but how well tax…
Last week, we released our new paper ‘The State of Minnesota’s Economy: 2020‘. In it, we argued that Minnesota’s economy is being held back by its excessively high taxes. Chief…
(Golden Valley, MN) Center of the American Experiment today urged Gov. Tim Walz to immediately drop his proposals for tax increases totaling over $1.6 billion for the next biennium in…
Minnesota’s legislature must balance COVID with the economy.
Abolishing the AMT for individuals and eliminating the marriage tax penalty wouldn't send Minnesota rocketing up the rankings, but, again, they would be baby steps in the right direction.
Conforming to the federal schedule for depletion and abolishing the corporate AMT wouldn't send Minnesota rocketing up the rankings, but they would be baby steps in the right direction.
Minnesota's tax climate is bad for business. Happily, two bills, from either side of the aisle, look to help that.
Minnesota is one of only eight states to have an Alternative Minimum Tax for its corporations. This is more hassle than it worth and we recommended its repeal in our…