Posts Tagged ‘Taxes’

Debunking Minnesota Economic and Fiscal Policy Myths

Minnesota is a land of 10,000 lakes and almost as many misconceptions about the size of government, growth in public revenue and expenditures, and performance of the state’s economy. Some of these mistaken beliefs are the result of an innocent misreading of the data, while others are the product of deliberate disinformation campaigns. The following…

Read More

Senate Targets Divide Surplus Between Tax Cuts & Spending

At a Wednesday press conference, Senate DFL leadership unveiled their budget targets for the 2016 legislative session, which “includes $300 million for an updated version of last session’s tax bill and $489 million in other spending, much of it one-time.” The proposed budget also leaves $111 million on the bottom line, unspent. The spending items…

Read More

House to Pare Back Tax Cut Wish List?

House leadership recently released budget targets that focus the projected $900 million state budget surplus on tax cuts and increased transportation spending—two areas in which state policymakers failed to enact major legislation during the 2015 session. The bonding target in the House budget is $600 million. The House budget targets would provide no increase in…

Read More

Minnesota in the Middle on Middle-Income Taxes

In conservative quarters, it is accepted as gospel truth that Minnesota is a high tax state. However, to some extent Minnesota’s high tax reputation is undeserved. While state and local taxes on high income households in Minnesota are above average, taxes paid by Minnesota middle income households are about equal to the national norm. The…

Read More

Working Family Credit Works

Conservatives and progressives don’t agree on much—especially in the area of tax policy. However, one program that draws support from both ends of the political spectrum is Minnesota’s Working Family Credit. This tax credit helps families across the state meet basic needs while also encouraging work. At the same time, the credit helps to reduce…

Read More

2015 Tax Proposals Comparison

North Star Policy Institute recently published an article asking the question, “What if the 2015 tax proposals from the Minnesota legislature had been enacted?” This post includes a one-page summary of the findings from that article. 2015 Minnesota Tax Proposal Comparison

Read More

Testimony on CAE Income Migration Report

The following is an excerpt from the testimony of North Star’s Tax & Fiscal Policy fellow, Jeff Van Wychen, regarding the Center for the American Experiment’s recent report alleging massive income migration as a result of Minnesota’s tax climate. The testimony was given on March 24 before the Minnesota House Tax Committee. For a more…

Read More

State Property Tax: A Good Deal for Businesses

Since 2002, property taxes on Minnesota businesses have been growing less rapidly than taxes on most other classes of property. As with all things pertaining to the property tax system, the explanation for this trend is varied and complicated. However, the state business property tax is one of the principal reasons why Minnesota business property…

Read More

2015 Tax Proposals: a “What If” Analysis

The legislature failed to pass an omnibus tax bill during the 2015 legislative session. But what if the Governor’s 2015 tax proposal had been enacted in 2015? Or what if the Senate’s 2015 omnibus tax bill had been enacted? Or the House’s? The analysis below will examine the state general fund budgetary balance under each…

Read More

A Better Way to Reduce Tax Regressivity

According to business lobbyists, one of the benefits of the elimination of the state business property tax is a reduction in Minnesota tax regressivity. In the long run, though, business property tax breaks are an inefficient way to do this, especially in comparison to homeowner tax relief. Minnesota’s state and local tax system is regressive,…

Read More