Minnesota's eighth-largest company is relocating overseas. The New York Times views the move through the lens of federal tax policy and the taxes Medtronic can avoid paying by leaving America, while the company itself cites more benevolent reasons, like access to European markets.In any event, the n ... More >>
During his first news conference of the legislative session, a hobbled Mark Dayton put Senate DFLers on blast, saying their delay to pass tax cuts already approved by the House has him feeling "very, very, very disappointed."RELATED: DFL Rep. Ryan Winkler isn't fan of huge tax cut sailing through Ho ... More >>
On Tuesday the folks over at Surly Brewing Co. took the time to issue their response to the proposed tax increase on Minnesota-made alcohol. In a lengthy blog post that details their multiple issues with the proposed excise tax increase, Surly makes it clear that this legislation can only hurt Minne ... More >>
During a floor speech last Friday, Michele Bachmann mangled an attempt at a Shakespeare quote (She said "Thou protesteth too much" -- the actual quote is "The lady doth protest too much"). But that's not significant here.SEE ALSO: Michele Bachmann's 'I do not do political speech' line draws loud lau ... More >>
Yesterday, the MNGOP's official House caucus Twitter account wanted you to ponder this thought as you tried to stay warm while April snow fell outside:ICYMI: While you sit inside today, remember $840k in taxpayer $ went to overseas trips for artists. on.fb.me/XutxBD#DFLWaste #mnleg-- MN House Republ ... More >>
When he signed an executive order calling for an end to a longstanding pay freeze for members of Congress and other federal employees last Thursday, President Obama essentially offered Michele Bachmann a $900-a-year raise. But Bachmann and a majority of her colleagues in the GOP-controlled House wan ... More >>
BREAKING NEWS: Republicans don't like tax increases, whether they're a result of new legislation or simply allowing tax cuts to expire. SEE ALSO:-- Kurt Bills, GOP Senate candidate, says he'd support tax increase, fight Grover Norquist-- Obama up 7 in Minnesota, Klobuchar up 19, says new poll-- Mich ... More >>
In a commentary published in the Star Tribune today, economist Patrick Fleenor of Fiscal Economics Inc. makes a persuasive case that the state stands to gain less than lawmakers think from a GOP-proposed cigarette tax hike.Minnesota's cigarette tax is currently near the national average, but the ... More >>
The ALA Minnesota would like to see more anti-smokinng advertising and higher cigarette taxes.The American Lung Association thinks Minnesota should do more to counteract tobacco use.In its annual report, the ALA gives the state an "F" grade in the area of spending on tobacco prevention and contro ... More >>
Mayor R.T. Rybak's proposal would avoid property tax hikes for most Minneapolis residents.Minneapolis Mayor R.T. Rybak proposed his 2012 budget in downtown Minneapolis this morning.The good news: those pesky potholes might be filled in sooner than expected. The bad news: The city of Minneapoli ... More >>
The Minnesota Supreme Court has ruled four Republican senators jumped the gun in saying that Gov. Mark Dayton is overstepping his constitutional bounds by involving the courts in government shutdown contingency plans. That's because no state money has been ordered to be spent, so there's no ... More >>
In another reminder of how the looming Minnesota government shutdown is going to impact real people and not just political careers, the Department of Human Services mailed out something like 572,000 letters to its clients today, warning them that there may be an interruption in their benefits ... More >>
Can AFSCME change the minds of 26 legislators?If you live in a Republican district led by a "non-ideolog," prepare to be really annoyed by your television. A "non-ideolog" is the word American Federation of State, County and Municipal Employees use for a lawmaker who could potentially be swayed ... More >>
Pot holes are turning into money holes.We were stunned to read a report from WCCO this morning about Minneapolis hitting up homeowners and businesses for upwards of $1,000 to repair pot holes in front of their property. Weren't we just rejoicing over the Minneapolis City Council dumping an e ... More >>
The president hates America. We live in a socialist state. Shutting down the government isn't shutting down the government. That's reality for Rep. Michele Bachmann. Everything else is just fantasy, she told Harry Smith on "Face the Nation" yesterday.
This guy's well versed in tax policy.The big tax debate and vote ended last night at City Hall with Minneapolis homeowners facing a 4.7 percent increase this coming year. It could have been worse. The original proposed increase was about 6.5 percent.
Michele Bachmann has "Fire from the Heartland."Citizens United, the folks who tried to take down Hillary Clinton in the last election with campaign propaganda sold as a documentary, are back. And this time they're spreading their love on Michele Bachmann. She's in "Fire from the Heartland," ... More >>
PolitiFact challenges T-PawYesterday we drew attention to a column by Ruth Marcus in the Washington Post, quoting Tim Pawlenty at a meeting with Beltway journalists: "I don't think the argument can be credibly made that the United States of America is undertaxed compared to our competitors." ... More >>
Following through as promised and predicted, GOP Gov. Pawlenty vetoed the budget-balancing package approved by the DFL-controlled Legislature yesterday because it raises taxes. Both sides now have until Monday to come up with some sort of compromise to avoid a nearly $3 billion deficit. He ... More >>
To borrow a phrase from Ronald Reagan: There she goes again. Preaching to the converted at yesterday's downtown Minneapolis GOP money-grubbing love-in with Sarah Palin -- check out our slideshow -- Michele Bachmann told a bunch of whoppers. Her call for nuking cyberattackers was an especial ... More >>
A vote in the House and a decision by a U.S. District Court judge in Brooklyn suggest she's lost a couple of rounds.
The Republican faithful come to praise the governor' proposed constitutional amendment, but he's nowhere in sight.
Gov. Tim Pawlenty proposed a new constitutional amendment today that would limit the state's general fund budget to the revenue received in the previous budget period.
Why did we give this guy the keys?
Gimme Noise offers some music tips to help you get through an afternoon of hair pulling and pant pooping.
Bachmann was walking high and mighty pretending she has never taken earmarks. Then we find out she in fact did take earmarks in 2008 and she starts back pedaling.
President Bush didn't bother waiting until all the bodies had been recovered from the Mississippi river to politicize the disastrous collapse of the I-35 bridge.
The City of St. Paul is facing a projected $15.8 million budget shortfall for 2008. Solving the fiscal puzzle will not be easy.
"Reform" won't protect the middle class from the stealth tax If you've wondered how it is that Bush has financed five straight years of tax cuts, chances are you've considered a) cuts in entitlements; b) cuts to the safety net; and c) an end to corporate welfare. Okay, okay, so we're kidding about ... More >>
Junior Senator's reponse to Katrina: Tax cuts for all my friends! It may have been Labor Day, but the powers that be in Minnesota Sen. Norm Coleman's office were apparently hard at work devising a plan. Coleman is clearly becoming a sort of trial-balloon politician for the neo-con agenda's most egr ... More >>
Norquist and Pawlenty: a star-crossed love It seems only yesterday that anti-tax guru Grover Norquist was singing the praises of Tim Pawlenty and calling him a dark horse possibility for president in 2008. But Norquist, sadly, does not buy the tax/fee distinction Pawlenty is selling--maybe the Star ... More >>
Here are some excerpts from Goldman-Sachs's March 14 market note, emphasis added:The Fed's flow-of-funds tables show a further pickup in mortgage equity withdrawal (MEW) to a record $640 billion, or 7.4% of personal disposable income, in 2004. Although cash-out refinancing was down somewhat, this ... More >>
Are the state GOP and an antiabortion group conspiring against runoff voting?
City finance guru Patrick Born on the Minneapolis budget
The State of the City? We're Broke.
How Minnesota's new governor set the table for this year's budget-slashing "crisis" in state healthcare spending
Gov. Arne Carlson is crowing over a $1.3 billion budget surplus. But his own state economist, Thomas Stinson, acknowledges that the money hasn't come in yet--and perhaps never will.
With lean budget times in the forecast, Hennepin County prepares to kill "optional" programs like sexual-violence prevention. But is it just a case of bad management?
Should the House bill pass, prices will go up at smaller airlines while large airlines such as Northwest will shoulder a smaller tax burden.
Everybody's behind the Minneapolis schools referendum this year--including local business interests that opposed it last time. Why? Because their taxes will go down, while those of most homeowners will go up.