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State Representative Chris Swedzinski
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-5374
For more information contact: House GOP Communications 651-296-5520
POST SESSION UPDATE
News From Representative Swedzinski
Friends –
We have given the Governor two compromise proposals at this point. The first was last week to meet his funding requests on K-12 Education, Courts, and Public Safety. Those three budgets make up almost fifty percent of the budget. The second proposal, offered today, would eliminate the Republicans’ request for tax relief in exchange Republican leaders have asked Governor Dayton to drop his request for a tax increase.
As a business owner, I know the challenges a fragile economy can bring and raising income taxes is not going to help create jobs. According to the Tax Incidence Study on the governor’s tax plan by the Department of Revenue the governor is incorrect when he says he will only tax the top 2 percent of wage earners. The Department of Revenue estimates that an increase of $87 million will affect corporate taxes. They also indicate that because of this higher tax “the burden will be borne in higher prices, some in lower wages, and some in lower returns to business owners.”
Raising taxes is clearly not good for business and not good for our job creators. We need to grow Minnesota by allowing taxpayers and especially businesses to keep more of their hard-earned money.
Minnesota’s highest current income tax rate is 7.85% and Governor Dayton would like to see that skyrocket to 10.95% the third highest in the nation.
Below are portions of an editorial in the Star Tribune from Doug Baker, CEO of Ecolab. He agrees that raising taxes is not good for business and would make Minnesota an unattractive place to do business.
Quite simply, our high personal income taxes are already a barrier to attract¬ing and sometimes to keeping top talent. Following Gov. Mark Dayton and enacting the second-highest tax rate in the nation would hurt our state. This is especially true today when state and national borders no longer constrain the movement of labor, capital and intellectual property. In this digital age, people can and do work from anywhere -- and they can and will choose to work where they can keep more of their income.
According to the U.S. Bureau of Labor statistics, Minnesota employment growth has lagged the U.S. rate for a decade. More than 1,200 small and medium-sized businesses left the state from 1997 to 2008.
To read the full editorial click here http://www.startribune.com/opinion/otherviews/123660569.html
Isn’t a six percent increase in revenue enough?
I am committed to continue working hard on your behalf. If you have any legislative questions please don’t hesitate to contact my office, we are more than happy to help.
All the best,
Chris
News Items
- Legislative Update from Rep. Chris Swedzinski - (Posted: Apr 26 2013 12:00AM)
- Legislative Update from Rep. Chris Swedzinski - (Posted: May 3 2013 12:00AM)
- REP. SWEDZINSKI AND SEN. DAHMS: GIVE RAISES TO THOSE WHO CARE FOR OUR ELDERLY AND DEVELOPMENTALLY DISABLED - (Posted: Apr 22 2013 6:48PM)
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