Minnesota vs. U.S. Income Trends Since the Great Recession

by | Aug 27, 2018

When it comes to income trends in Minnesota, we’ve got some good news and some bad news. The good news is that income growth in Minnesota has surpassed the national average over the last decade, both in aggregate and within every income group. The bad news is that...

Welcome Home

by | Aug 23, 2018

Minnesota has a reputation as a great place to call home. In national rankings of quality of life, job quality, child wellbeing, and cost of living we look pretty attractive. Among the competitive advantages of Minnesota is that historically we have been an affordable...

Minnesota in the Middle on Middle-Income Taxes

by | Aug 8, 2018

Minnesota conservatives work hard to portray Minnesota as a high tax state. In reality, state and local effective tax rates for middle-income families in Minnesota are fairly typical of the rates in other states. In addition, average effective tax rates for...

Minnesota Earns High Marks for Fiscal Responsibility

by | Aug 2, 2018

Last week, Standard & Poor’s (S&P) upgraded Minnesota’s  general obligation (GO) bond rating to “AAA”—its highest ranking. Minnesota became one of only thirteen states to enjoy a AAA GO rating from at least two of the “big three” credit rating agencies...

Income Tax Hikes Have Not Stifled Job, Income Growth

by | Jul 30, 2018

Conservatives frequently argue that tax increases stifle job growth. In reality, data from 1950 to the present show no indication that Minnesota income tax increases have had any adverse impact on job creation or income growth. In fact, Minnesota’s rate of job and...