If you think the recession's a bummer, wait until you see the recovery By the time the Bureau of Labor Statistics was done revising December and January, last Friday's February unemployment report marked the loss of an additional 800,000 jobs, bringing the total for the past four months to 2.6 million. As the chart from Time's Curious Capitalist blog indicates (we are, appropriately, the brown line streaking down the page), this downturn is rapi... Read More
The blue-ribbon bait-and-switch: Gov. Pawlenty ignores yet another of his reform commissionsBill Belanger, the former Bloomington Republican who served for more than a quarter-century and served for a time as the lead Republican on the Senate Taxes Committee, was a shrewd choice to introduce the Governor's 21st Century Tax Reform Commission report to the Senate Taxes Committee on Wednesday morning. After bantering with his former colleagues by na... Read More
Economic development: Why Minnesota needs a course change As the economy sours, prosperity-era practices in economic development will fail us. Competing for mobile enterprises, cutting business taxes, retraining for high-wage jobs, and investing in science-based innovation will not reverse business retrenchment and deep job cuts over the coming months. The state must redeploy its resources to retain as many existing jobs and markets as possible,... Read More
Governor proposes tax increase for rentersTo read this new report from Jeff Van Wychen, Minnesota 2020, click here. Read More
Temporary clothing tax worth lookKitchen tables, the whole tool box, car crashes. Legislators on both sides of the aisle, along with Gov. Tim Pawlenty, have invoked those and other images this session as they talk about how to address the state's $4.57 billion projected budget deficit. If they are going to invoke some imagery, how about a sunset? Specifically, how about broadening the state sales tax to cover clothing but only for... Read More
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