• Conservatives hate him: Several weird tricks to boost the economy
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[url]http://www.huffingtonpost.com/carl-gibson/mark-dayton-minnesota-economy_b_6737786.html[/url] [quote]When he took office in January of 2011, Minnesota governor Mark Dayton inherited a $6.2 billion budget deficit and a 7 percent unemployment rate from his predecessor, Tim Pawlenty, the soon-forgotten Republican candidate for the presidency who called himself Minnesota's first true fiscally-conservative governor in modern history. Pawlenty prided himself on never raising state taxes -- the most he ever did to generate new revenue was increase the tax on cigarettes by 75 cents a pack. Between 2003 and late 2010, when Pawlenty was at the head of Minnesota's state government, he managed to add only 6,200 more jobs. During his first four years in office, Gov. Dayton raised the state income tax from 7.85 to 9.85 percent on individuals earning over $150,000, and on couples earning over $250,000 when filing jointly -- a tax increase of $2.1 billion. He's also agreed to raise Minnesota's minimum wage to $9.50 an hour by 2018, and passed a state law guaranteeing equal pay for women. Republicans like state representative Mark Uglem warned against Gov. Dayton's tax increases, saying, "The job creators, the big corporations, the small corporations, they will leave. It's all dollars and sense to them." Between 2011 and 2015, Gov. Dayton added 172,000 new jobs to Minnesota's economy -- that's 165,800 more jobs in Dayton's first term than Pawlenty added in both of his terms combined. Even though Minnesota's top income tax rate is the fourth highest in the country, it has the fifth lowest unemployment rate in the country at 3.6 percent. According to 2012-2013 U.S. census figures, Minnesotans had a median income that was $10,000 larger than the U.S. average, and their median income is still $8,000 more than the U.S. average today. By late 2013, Minnesota's private sector job growth exceeded pre-recession levels, and the state's economy was the fifth fastest-growing in the United States. Forbes even ranked Minnesota the ninth best state for business (Scott Walker's "Open For Business" Wisconsin came in at a distant #32 on the same list). Despite the fearmongering over businesses fleeing from Dayton's tax cuts, 6,230 more Minnesotans filed in the top income tax bracket in 2013, just one year after Dayton's tax increases went through. As of January 2015, Minnesota has a $1 billion budget surplus, and Gov. Dayton has pledged to reinvest more than one third of that money into public schools. And according to Gallup, Minnesota's economic confidence is higher than any other state. [/quote] It is Huffington post, but sources are used immensely throughout the article and most everything seems about right.
Dayton's been Pretty good to us Minnesotans. He's actually pretty moderate and has done a lot of good for schools and the public sector.
In this election season, I'm more than proud of how well my state has been handing this garbage. And I'm glad Dayton's been fairly on top of things. I'm just gonna wait it out here guys. [QUOTE=UncleJimmema;51769441]Dayton's been Pretty good to us Minnesotans. He's actually pretty moderate and has done a lot of good for schools and the public sector.[/QUOTE] shit how many minnesotans are on facepunch. i keep on thinking we're a minority.
wow, so you mean the tax policies that oversaw the greatest period of growth in US history (the 1950s through the 1970s) actually produce results? well too bad, they contradict the Laffer napkins so we can't do it nationwide
That state law guaranteeing equal pay seems redundant seeing as it has already been federal since John F Kennedy. But hey, brownie points with the voters.
[QUOTE=LtKyle2;51769461]That state law guaranteeing equal pay seems redundant seeing as it has already been federal since John F Kennedy. But hey, brownie points with the voters.[/QUOTE] probably not since women aren't getting equal pay, also it lets the state enforce it not just leaving it up to federal agencies
Dayton's a phenomenal governor. Wisconsin and Minnesota basically share the same major sectors of their economy - and yet, under Walker's "pro-business" leadership, they've consistently come in behind Minnesota in every single metric. Gonna miss Dayton once he's gone, but he's done a lot of good for Minnesota. He's by no means a crazy left-wing liberal - he doesn't even support legalizing marijuana - but when it comes to business and to the welfare of the average Minnesotan, he's done so much. Role model for similar states.
They used the surplus from last year to fund a pilot program for free community college as well. The low unemployment is great too, a few places like UPS were giving out hefty signing bonuses because of a labor shortage.
[QUOTE=Sableye;51769457]wow, so you mean the tax policies that oversaw the greatest period of growth in US history (the 1950s through the 1970s) actually produce results? well too bad, they contradict the Laffer napkins so we can't do it nationwide[/QUOTE] The Laffee curve isn't specifically defined, it doesn't nessecarily contradict it.
I implore you all too look at Kansas and Wisconsin to see how Republican fiscal policy can take a state's economy and add a few zeroes to it And also a negative in front Brownbackistan is a magical place.
[QUOTE=.Isak.;51769547]Dayton's a phenomenal governor. Wisconsin and Minnesota basically share the same major sectors of their economy - and yet, under Walker's "pro-business" leadership, they've consistently come in behind Minnesota in every single metric. Gonna miss Dayton once he's gone, but he's done a lot of good for Minnesota. He's by no means a crazy left-wing liberal - he doesn't even support legalizing marijuana - but when it comes to business and to the welfare of the average Minnesotan, he's done so much. Role model for similar states.[/QUOTE] Can we borrow him for couple of terms.
[QUOTE=SirJon;51769628]The Laffee curve isn't specifically defined, it doesn't nessecarily contradict it.[/QUOTE] laffer napkin says any time we raise taxes we loose revanue, thats what the gop have turned it into
[QUOTE=Sableye;51769484]probably not since women aren't getting equal pay, also it lets the state enforce it not just leaving it up to federal agencies[/QUOTE] Yes they are though
[QUOTE=Sableye;51769484]probably not since women aren't getting equal pay, also it lets the state enforce it not just leaving it up to federal agencies[/QUOTE] How? Furthermore, if they are being paid less why do business not hire only them. Unless you are talking about the different levels of education, different choice of professions, etc then that is not a pay gap.
Such a shame this thread will eventually be buried. I guess it truly is easier to plug our ears and ignore the overarching logic of economics. How people come to the conclusion that NOT taxing the rich AND NOT taxing the poor will SOMEHOW STIMULATE THE ECONOMY with 0 money going back into local businesses that in turn go to the nationwide businesses, and then internationally. Like if these people want to simplify everything, there's an oversimplification right there.
[QUOTE=TornadoAP;51769431][url]http://www.huffingtonpost.com/carl-gibson/mark-dayton-minnesota-economy_b_6737786.html[/url] It is Huffington post, but sources are used immensely throughout the article and most everything seems about right.[/QUOTE] So crazy the tax policies Bernie wanted to implement ACTUALLY worked...
[QUOTE=Llamaguy;51771258]So crazy the tax policies Bernie wanted to implement ACTUALLY worked...[/QUOTE] It's almost as if he's studied how such taxes throughout history and the world today have an affect on things...
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