Friday, July 3, 2015

Democratic Policies Make Minnesota America’s Top State For Business

http://www.politicususa.com/2015/06/27/democratic-policies-minnesota-americas-top-state-business.html
"An annual CNBC scorecard that rates each state on 60 measures of competitiveness finds that Democratic run Minnesota is the best state in the country for business in 2015. The same study found that while Republican-controlled states like Kansas and Arizona experienced sharp declines in their business competitiveness, Minnesota Democratic Governor Mark Dayton’s economic miracle has turned his state into the nation’s best state for businesses.
When Mark Dayton took office in 2011 he inherited a 6.2 billion dollar deficit from his Republican predecessor, Tim Pawlenty. Four years later, after passing a huge tax increase on wealthy Minnesotans, the state now has over a 2 billion dollar surplus, and one of the lowest unemployment rates in the country. Dayton’s Minnesota is the antithesis of Sam Brownback’s failed supply-side experiment in Kansas and Scott Walker’s union busting disaster in Wisconsin.
While the CNBC study acknowledged that Minnesota’s business tax rates were relatively high, they found that other factors like a strong education system and a good quality of life, offset high taxes in making the state more business-friendly than many other states with lower corporate tax rates."