by Julia Schrenkler
Member since:
August 31, 2005

Open discussion: Is the timing right to cut corporate taxes?

January 26, 2009 09:20 AM EST (Updated: January 26, 2009 11:14 AM EST)
views: 188 | rating: 10/10 (3 votes) | comments: 16

From MPR News: Is the timing right to cut corporate taxes?

Gov. Tim Pawlenty is scheduled to release his two year budget proposal Tuesday. He has said that it won't raise taxes and that some of his proposed cuts will be "difficult." The plan will also include cuts in business taxes which Democrats argue will only increase the state's budget deficit. But to date, Pawlenty's tax cut plan is the only tax proposal on the table.

Will lower business taxes attract more businesses to Minnesota? Can the state balance losing business tax cash influx against the existing budget deficit? Are other states considering this move, or is there a successful existing model?

More from MPR:

This is an open discussion. You're welcome to link to your related Gather articles or other online resources. Your comments may be quoted on the air or on http://minnesota.publicradio.org/your_voice/

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Julia Schrenkler
Interactive Producer
Minnesota Public Radio
American Public Media
Objects in Mirror

 

 
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Comments: 16

Peter Joseph Swanson Jan 26, 2009, 9:31am EST
It seems like the problem has always been collecting them. They find loopholes to keep from paying what they are supposed to. Raise or lower them, what does it matter then?

- and taxes didn't get capitalism in the trouble it's in right now, at all. Talking about "taxes" like that is just Republican politics - for the Republican base (what's left of it these days).

Does he want to raise income tax on the rich, then to pay for it ???

Energy costs are probably more important to businesses than tax costs. And health care costs.
Tim Nelson Jan 26, 2009, 10:50am EST
I've read most of the suggestions from voters, and the only one I like is mine. That can't be good. Am I the only radical in Minnesota?

Come on, radicals! Don't let a centrist weenie take the booby prize.
Julia Schrenkler Jan 26, 2009, 10:55am EST
"Raise or lower them, what does it matter then?" - Peter Joseph Swanson

Well, I expect the state does benefit from business taxes. That said, I actually wonder more about successful examples. Did the Tax Free Development program (JOBZ) help greater Minnesota? If we look at the last four years can we see business opportunities and improvements to an area? Will financial institutions be more likely to lend start-up monies in areas with fewer tax liabilities?
Julia Schrenkler Jan 26, 2009, 10:57am EST
Tim, are you referring to the Idea Generator? Want to link to your suggestion?
Julia Schrenkler Jan 26, 2009, 11:13am EST
I see that Gov. Tim Pawlenty will appear on MPR Midday 1/26/09 at noon ET | 11a CT. Governor to propose "difficult cuts"
Tim Nelson Jan 26, 2009, 1:15pm EST
Interesting. The Idea generator comes up as a blank page, must be a media add on problem of some kind. The State Legislature site, where I posted, no longer allows access to past suggestions either.

So, wage and price controls for all levels of health care, like Frontlines documentary "Sick in the World" highlights as the only solution to reduce costs. Success directly linked to wage and price controls on health care professionals, insurance, and drugs. No program that didn't take on all three were successful.

Transform all education to distance learning.

Automate all other aspects of the public sector to the greatest extent possible.

Replace 40 year old light rail technology with SAFEGE elevated rail. Buy the use of patents from the folks at skytraincorp.com
Tim Nelson Jan 26, 2009, 1:21pm EST
The Gov. seems to have no ideas. No big ideas.

No wonder we are a State with a third party tradition.
Julia Schrenkler Jan 26, 2009, 1:23pm EST
Tim, I clicked on the Idea Generator and it worked for me - in list view, I don't see anything with your name.
Tim Nelson Jan 26, 2009, 2:00pm EST
I didn't look at that one till just now. I'll go back and check it again, in a minute.

This reminds me of the 2020 confusion I kept getting myself into. First the Met Council created a 2020 strategy for future growth. Then the new Met Council appointed by Pawlenty nixed that, and made a new one. Then Transit For Livable Communities created a 2020 proposal. And finally a think tank called 2020 was started by the former Speaker.
Tim Nelson Jan 26, 2009, 2:09pm EST
Julia, this is what I get from my error console. Hope this helps.

Warning: Expected pseudo-element but found 'root'. Ruleset ignored due to bad selector.
Source File: http://minnesota.publicradio.org/standard/css/mpr005/global.css
Line: 102

Warning: Error in parsing value for property 'filter'. Declaration dropped.
Source File: http://minnesota.publicradio.org/standard/css/mpr005/global.css
Line: 114

Warning: Unknown property 'list-type'. Declaration dropped.
Source File: http://minnesota.publicradio.org/standard/css/mpr005/global.css
Line: 190
Peter Joseph Swanson Jan 26, 2009, 5:21pm EST
Oh. Now you know why I'm not the governor.
Brain W. Jan 27, 2009, 8:14am EST
I have yet to see the so called 8 years of tricke aka Trick economy come for the middle and working class??? He is all talk and wants the Chair person of the RNC committee this is the basic reason he won't make the tough choices and raise TAX to pay for services. You can't cut and cut your way out of recession you have to bring in REVENUE to pay for government services. He is more concerned about his election to the political chair of the RNC then the people of MN.
Peter Joseph Swanson Jan 27, 2009, 2:10pm EST
http://www.gather.com/viewArticle.jsp?articleId=281474977576498&nav=Namespace

This article explains why tax cuts for business is just more Republican breaks for the rich.
Winston Smith Jan 27, 2009, 6:05pm EST
Ask yourself this..............

When was the last time that 3M built something new in Minnesota? Or started a new division? A new factory? A new lab?

They don't. They won't. Unless Minnesota becomes more business friendly.

Hey folks, South Dakota and Sioux Falls business developement companies advertise on the radio. They cheer everytime Minnesota raises taxes. Sioux Falls in one of fasting growing business centers in Midwest.

All you lefties have to be careful not to kill the golden goose. Socialism doesn't work if you don't have profits to confisgate.

All you lefties need a little economics refresher. Google "The Laffer Curve" and learn about Arthur Laffer.
Brain W. Feb 1, 2009, 2:23am EST
Well then Winston you shouldn't go to the call the cops or firemen for your service then. Cause there is where taxes pay for services...oh did they forget the word "Taxes for Services". Where and who said the left was Socialism the Right said that so maybe you should go back to political science 101 and find out who started that word. I have yet to see how you going to fix the road that you drive on everyday or pay for essential government services that I know for sure you use everyday and rely on. You don't cut and cut just so you look good to the GOP to be elected chairperson you make the tough choices to raise revenue aka taxes and show that your a "LEADER with LEARDERSHIP" that what the state needs not someone aiming for RNC chairperson.
Mark-John K. Feb 22, 2009, 8:49am EST
ANYTIME is ALWAYS the right time to cut Taxes. This applies to SPENDING, as well.

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