Late last night details began emerging of the budget deal struck between House and Senate negotiators. If you were wondering where that forecast $18 billion budget surplus is going to…
Over the weekend, the Senate pulled its support for ‘Worldwide Combined Reporting,’ a terrible idea that would have massively increased the cost of tax compliance for businesses and enforcement for…
A lesson for state and local policymakers.
Last week, I wrote about “worldwide combined reporting,” an element of both the House and Senate budgets. It’s a bit of a technical measure, but this shouldn’t obscure just what…
Minnesota’s media is doing its dutiful best to sell the various tax packages swirling around the Capitol as “tax cuts.” WCCO, for example, reports: “Minnesota Senate passes tax bill featuring…
Since the Minnesota Management and Budget announced a historic surplus in November 2021, American Experiment has called on legislators to give that money back to Minnesotans through permanent income tax…
Despite a historic $17.5 billion surplus, DFL legislators want to raise taxes and fees on Minnesotans. One of the ways they want to do that is by creating a fifth-tier…
Biden wants to impose $4.7 trillion in new taxes on Americans. Specifically, he wants corporations and the richest Americans to pay their “fair share,” whatever that means. It’s certainly unlikely…
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…
“The rich should pay their fair share.” That sentiment has been expressed not only by many politicians but even by the rich themselves. Despite the evidence, the idea that rich…
It is mind-boggling enough that with an $18 billion surplus, Minnesota DFL lawmakers have expressed no interest in lowering taxes for Minnesotans. But what is even harder to rationalize is…
Definitions of a small business vary, sometimes depending on the type of industry. But generally, firm size is defined by the amount of revenue or level of employment. In some…
Yesterday, the Tax Foundation published its latest Business Tax Climate Index, a report that gauges how tax systems compare among states. Minnesota is yet again at the bottom of that…
The past year has been an especially good year for income tax reform. About half of all states — and counting — have cut their income taxes between 2021 and…
2021 and 2022 were huge for tax reform, especially income tax reform. According to the Tax Foundation’s newest report, between 2021 and 2022: Ten states enacted individual income tax rate…
Back in February, I wrote that the DFL’s gas tax holiday is a bad idea. Even as gas prices continue to rise and it becomes more popular, it remains a…
State and local taxes and spending The Center Square: Minnesota lawmakers set to haggle over tax cuts Duluth News Tribune: Minnesota House passes property tax cuts, family tax rebates West…
Today, the Food and Drug Administration (FDA) announced a rule proposing a federal ban on Menthol cigarettes. As reported by the Wall Street Journal, “The ban would prohibit the sale…
With the legislative session underway, the question of what to do with Minnesota’s historic $9.3 billion surpluses is still up in the air. Gov. Tim Walz has proposed a plan…
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…
Minnesotans are feeling the pinch from higher prices, and the price of gas is one of the main culprits. Lawmakers in St. Paul are anxious to ameliorate this — especially…
State and local taxes and spending KNSI: Lawmakers Visit St. Cloud In Renewed Push for Frontline Worker Bonus Pay Duluth News Tribune: Minnesota senators OK $2.7B plan to replenish jobless…
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.…