Joe Doakes, formerly of Como Park, emails:
We’re Number 1!
Viewed from the bottom up, that is. Or you might say, “dead last.” Potato, potahto.
It’s talking about fiscal policy and, well…
A newly released analysis of fiscal policy ranked all 50 states with Iowa Gov. Kim Reynolds’ state coming in first and Democratic Vice Presidential Nominee and Minnesota Gov. Tim Walz in last.
The libertarian Cato Institute released the report, which graded states by spending, revenue and taxes. The top ten states in the rankings starting at the top are Iowa, Nebraska, West Virginia, Arkansas, South Dakota, Montana, Hawaii, Georgia, Idaho, and Vermont…
In 2019, Walz’s budget would have added ‘$2 billion more in new spending and taxes would increase by $1.3 billion to pay for it, with the rest of the money coming from an existing surplus.’ But he compromised with the legislature, and the final tax increase was about $330 million annually. Walz also pushed for higher gas taxes and higher vehicle fees to raise about $1 billion annually for transportation, but those increases were rejected.
Walz pushed for more tax hikes in 2021. He proposed adding a new individual income tax rate of 10.85 percent above the current top rate of 9.85 percent, a surtax on capital gains and dividends, and a hike to the corporate tax rate from 9.8 percent to 11.25 percent. The proposals—which would have raised about $1.6 billion annually—were rejected by the legislature…
Walz hit the middle class with HF 2887, which raised taxes and fees on vehicles and transportation. The increases included indexing the gas tax for inflation, increasing vehicle registration taxes, raising fees on deliveries, and raising sales taxes in the Twin Cities area.
No choking in the finals in this contest…
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