Data released by the Bureau of Economic Analysis last week showed that, in the second quarter of 2022, Personal Income in Minnesota increased by 5.4% at an annualized rate. This rate was lower than…
Data released by the Bureau of Economic Analysis last week showed that, in the second quarter of 2022, Minnesota’s economy shrank, in real terms, at an annualized rate of 1.3%.…
This week, I’ve noted that the seven states states without a state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming – have accounted for disproportionate shares…
Yesterday, I noted how states without a state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming – accounted for a disproportionately large share of U.S. Gross…
Last month, I asked ‘What do states without an income tax do?‘ I noted that the seven states which currently have no state income tax seem to do reasonably well. Take…
We at American Experiment have long advocated for cutting Minnesota’s state income taxes. But what about eliminating them entirely? This weekend, Lori Sturdevant wrote for the Star Tribune that ‘Abolishing…
Three days ago, President Joe Biden signed into law the Inflation Reduction Act (IRA), which ironically won’t reduce inflation. Lawmakers representing Minnesota in the U.S. Congress — like Ilhan Omar…
Only a few things are as expensive for Minnesota parents as child care. According to data from Child Care Aware, the average family in Minnesota spent over $16,000 to send…
Seems to be the question on a lot of people’s minds. Earlier today, the Bureau of Economic Analysis (BEA) released GDP data for the second quarter of this year. And…
The Bureau of Economic Analysis (BEA) has released figures for Gross Domestic Product (GDP) by state for the first quarter of 2021: Real gross domestic product (GDP) decreased in 46…
Two weeks ago, I wrote about how Minnesotans’ per capita Personal Incomes were falling in real terms. The Bureau of Economic Analysis (BEA) released data today for the first quarter…
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…
Today, the Bureau of Economic Analysis released data for Gross Domestic Product (GDP) for Minnesota’s counties for 2020. We now have this data going back to 2001, so we can…
Research shows that people leave and avoid high tax states. As we explain in our new report, ‘Taxes and Migration Minnesotans on the Move to Lower Tax States,’ looking at…
I wrote recently that slashed growth forecasts showed that inflation isn’t rising because the economy is booming. Members of the Biden administration have blamed rising consumer prices on the economy’s…
Last week, the Financial Times reported: The pace of US consumer price growth pushed higher in September, hovering at a 13-year high as inflationary pressures drove up the cost of…
Yesterday, President Biden made the following statement: President Biden was sworn into office on Jan. 20, 2021, about a third of the way through the first quarter of the year.…
At first glance, Minnesota's economy seems strong. But a closer look at the data shows we're on a unsustainable path.
Last week, the Star Tribune reported: Thousands of Minnesota families living in poverty will see a boost in monthly relief payments and will no longer have to meet cumbersome paperwork…
This week, it was announced that US News had ranked Minnesota the 2nd best state in America. State policymakers were quick to crow. Gov. Walz put out this press release:…
Earlier today, the Senate voted against including the $15 federal minimum wage provision in the stimulus package. This is a big win especially for low-income, low-cost regions like rural Minnesota…
The problem is not that Minnesota's politicians don't get enough of your money to spend, it is that they spend the huge amount they do get badly.
Comparing border counties reveals the real impact of Minnesota’s economic policies.