Center of the American Experiment this week released their latest economic report titled Closing Minnesota’s Budget Deficit, providing a roadmap for Governor Walz and the legislature to follow while closing a $1.2…
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.
According to research by the Tax Foundation and Mackinac Center for Public Policy, Minnesota's high excise tax rates are to blame for Minnesota's high and increased levels of inbound cigarette…
The purpose of taxation is not to bash the rich but to raise revenue to pay for government functions. Minnesota's estate tax, by costing the state government revenue, actually makes…
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.
From 2020 to 2021, Iowa saw its State Business Tax Climate Index ranking rise from 45th to 40th. Policymakers in Saint Paul should take note.
Tax systems designed to advance 'fairness', i.e. highly progressive tax codes that tax high-income earners and corporations heavily, are harmful not only because they disperse high costs on individuals paying…
North Dakota is benefiting from its economic policies. We hope that Minnesota will take note.
A group called of wealthy individuals called Patriotic millionaires has joined forces with other groups like Oxfam, Tax Justice, and many others, and is backing an ongoing project called “Millionaires…
A month ago, I wrote about how Minnesota was experiencing the worst of both worlds when it comes to COVID-19, with the state having both the highest death rate per…
The April jobs report is terrible and when Minnesota's numbers come out they are unlikely to be any better. Indications are that poorer counties and lower paid occupations will have…
Nearly 625,000 Minnesotans have filed for unemployment since mid-March, and every day seems to bring new headlines of small businesses that will not survive the Coronavirus shutdown. Minnesota now has…
Given the economic devastation COVID-19 has unleashed, the cost of underfunding pensions is now even more in the spotlight. States that failed to use more than a decade of economic growth…
Unemployment is reaching high levels and states are facing an unprecedented rise in unemployment benefit claims, which will take a toll on unemployment insurance trust funds. But prepared is our…
We all accept that Minnesota imposes high taxes. Some argue that that's a fair price to pay for all the absolutely necessary stuff the state government does for us in…
According to the state Tax Foundation, Minnesota has the 3rd highest excise tax on champagne in the nation.
With a population set to grow more slowly than the national average, are Minnesota's state government policies going to help attract and keep people here?
People don't always respond to taxes the way policymakers want them to.
The Tax Foundation has released its 2020 State Business Taxation Index and Minnesota is ranked 45th among the 50 states. This is two positions down from 2019 when the state…
There is no link between high tax burdens and a state being a nicer place to live or having a better education system.
Beneath the surface Minnesota's economy shows inherent weakness.
In Minnesota, groceries are fully exempt from the state’s sales tax base, but candy is treated differently than groceries and is therefore not included in the exemption.