Economics, the Garden of Eden, and resisting the no-new-taxes snake oil MINNPOST OLIVIA, Minn. — The first chapter of Genesis describes a time before economics. Economics is all about allocating scarce resources to achieve the greatest benefit. The Garden of Eden was all about abundance. Nothing was scarce. Everything needed for a life of happiness was there for the taking. There was no need to go to work. There was no need to make a... Read More
On taxes, let's recognize business arguments for what they are TC Daily Planet For years, Growth & Justice has been looking for and failing to find strong evidence that Minnesota is losing jobs, wealthy residents and businesses due to corporate and personal income tax rates. Just last month, the Council on State Taxation, an association made up largely of corporate tax attorneys, released a study [PDF] by Ernst an... 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
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
Deadlock at the state Capitol Star Tribune Here's a state budget-balancing idea that's so crazy, as they say in the old movies, it just might work. We know this because a similar scheme worked like a charm just six years ago, when conservative Republican Gov. Tim Pawlenty pushed it through to end a state government shutdown. Here's the deal: Rather than raising "taxes,'' we establish a maj... Read More
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