{"id":48629,"date":"2014-10-28T06:00:54","date_gmt":"2014-10-28T11:00:54","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=48629"},"modified":"2014-10-28T07:02:38","modified_gmt":"2014-10-28T12:02:38","slug":"daytons-budget-a-big-fat-f","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=48629","title":{"rendered":"Dayton’s Budget: A Big Fat “F”"},"content":{"rendered":"

Cato’s 2014 Fiscal Policy report card gives Minnesota’s a resounding “F”, and it doesn’t mean “For Fiscally-Ingenious”. \u00a0The grade puts Minnesota eighth from the bottom in terms of fiscal policy: <\/p>\n

Governor Dayton replicated his grade of \u201cF\u201d from the last Cato report card. Under Dayton,\u00a0general fund spending increased 13 percent in 2013 and an estimated 4 percent in 2014. His poor\u00a0<\/span>score also stems from his large tax hikes. In 2012 he signed into law higher taxes on gaming.\u00a0<\/span>In 2013 he approved a package raising annual revenues by $1 billion, which is almost 5 percent\u00a0<\/span>of total state tax revenues. The package created a new top individual income tax rate of 9.85\u00a0<\/span>percent above the current top rate of 7.85 percent. It also raised cigarette taxes by $1.60 per\u00a0<\/span>pack. In 2014 he partly reversed course and signed into law modest tax cuts that reduced estate\u00a0<\/span>taxes, ended the marriage penalty under the income tax, and reduced sales taxes on business\u00a0<\/span>purchases.<\/span><\/p><\/blockquote>\n

The net result? \u00a0We – the actual people of the state – are two billion short.<\/p>\n

It was a richly-deserved “F”.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cato’s 2014 Fiscal Policy report card gives Minnesota’s a resounding “F”, and it doesn’t mean “For Fiscally-Ingenious”. \u00a0The grade puts Minnesota eighth from the bottom in terms of fiscal policy: Governor Dayton replicated his grade of \u201cF\u201d from the last Cato report card. Under Dayton,\u00a0general fund spending increased 13 percent in 2013 and an estimated […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48629","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/48629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48629"}],"version-history":[{"count":6,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/48629\/revisions"}],"predecessor-version":[{"id":48636,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/48629\/revisions\/48636"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48629"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}