Democratic Business Owners In MN: Sheesh, These Taxes Sure Do Look Troublesome

 

 

 

” As its neighbors look to cut and simplify tax systems to attract businesses to their states, Minnesota’s Gov. Mark Dayton has a different idea:

For generations, Minnesotans lived out the progressive argument that high taxes and high services were what gave the state its fabled quality of life. But the patience of business owners is being tried more than ever, as Dayton and the Democrats who now control the Capitol mull a menu of tax increases that would primarily hit company ledgers — just as most states are going the opposite way.

Dayton has proposed tax changes he says would make the system fairer and also bring in $2 billion in new revenue. Much of the gain would come from a state sales tax on “business-to-business” purchases like legal, accounting, banking and printing costs. Few states tax such services. He would also boost Minnesota’s personal income tax rates from eighth to fourth highest in the nation, behind only Hawaii, California and Oregon.

There are some business owners, even lifelong Democrats, who are feeling the pinch and wondering if it’s worth it:”