ST. PAUL LEGAL LEDGER CAPITOL REPORT We are divided and faltering in Minnesota and the United States, staggering through a state government shutdown over a legislative refusal to raise more revenue, and teetering on the brink of a disastrous and unprecedented default on our national debt for essentially the same reason. It’s embarrassing for our state and nation — and depressing — when our political system falls into dysfunc... Read More
Optimism rising among rural Minnesota manufacturers, except when it comes to health care MinnPost.com I feel a strong kinship for rural Minnesota business owners, having enjoyed a corporate career that included managing a manufacturing firm in Olivia, the Corn Capital. I'd like to think I can feel their pain. And the pain that I felt at a recent southern Minnesota economic conference was mostly centered around health-care bills... Read More
Happy 10th anniversary, tax cuts! But where's the fruit? TC Daily Planet Watch for some ironic hoopla this week on the 10th anniversary (June 7) of President' Bush's tax cuts, the largest federal income tax rate reductions in modern history, and which were preceded in Minnesota by similarly historic cuts in the state's income taxes. The main "celebrants" are progressive policy groups who are critical... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Minnesota for decades has been handing over precious and limited economic development dollars to individual companies as tax incentives, government-funded loans and other public-sector subsidies, and our state is not alone. All states, to varying degrees, engage in this highly dubious strategy to lure or retain businesses and please fast-talking promoters who promise glitzy projects, new construction ... Read More
Budget Lessons from Arizona TC Daily Planet One great thing about having 50 different states trying to balance budgets is that Minnesota can learn from the mistakes of others. Arizona, for instance. A year ago, 64% of Arizona voters approved Proposition 100, a three-year, one-percent sales tax increase to fund education, which was to receive two-thirds of the proceeds; health care and public safety would split the other t... Read More
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