After decades of control by the ultraliberal DFL and a GOP that was merely center-left until probably fifteen years ago, Minnesota has had business and corporate tax rates that rivalled some of the nation’s worst tax hellholes – New York, California, New Jersey.
Liberals inevitably respond “well, look at all the companies that have their headquarters here!”. And it’s true – Minnesota has more Fortune 500 companies per capita than any other state in the union. And if you were the CEO of, say, Best Buy or Ecolab or 3M, I’d bet you’d rather live in Minneapolis than, say, Mississippi.
But a company is more than just CEOs.
The good news; 3M, based in Saint Paul, is creating new jobs!
3M today announced the expansion of its manufacturing facility for its 3M Ultra Barrier Solar Film. As a key component supplier to the solar industry, this expansion will support the growing demand for high efficiency flexible PV modules.
And where are those jobs?
The majority of the facility expansion, located in Columbia, Missouri, is scheduled to be completed in 2011.
Minnesota’s corporations are not creating manufacturing or distribution jobs in Minnesota. Even their research and engineering work is being farmed out to out-of-state or offshore companies at an accelerating rate.
You can thank the DFL (and the old, pre-Pawlenty-era GOP that the DFL’s sock puppets are always babbling about) for this.
It’s time to lower business tax rates in Minnesota, and for the government programs that depend on them to suck it up and count on the revenues rising when Minnesotans actually start going back to work.
And that pretty much inevitably means voting for Emmer, and your local GOP candidate for the Legislature, next Tuesday.