ST. PAUL LEGAL LEDGER CAPITOL REPORT The 237th anniversary next week of the signing of the Declaration of Independence will generate predictable effusions about the place of individualism and personal freedom and lower taxes as the most (or only) important principles behind these United States of America. Too often forgotten is that the very first of the “self-evident truths” spelled out in that declaration was that all huma... Read More
I’ve never had that much difficulty figuring my own taxes and it’s getting easier all the time, especially with those commercial online tax-filing programs that do a pretty decent job of step-by-step calculation. Except when they make mistakes, as my private-sector preparer did this year in its software for my Minnesota income tax. The state and the preparer got together and fixed that minor glitch within days of its discovery. As u... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT At the commencement ceremony last week for some 1,200 proud young scientists and engineers graduating from the University of Minnesota, several speakers reminded us that from these ranks in previous years came the job-producing creativity that helped nurture Medtronic, Cray Research, 3M, and Cargill, as well as life-enhancing innovations in agriculture, medicine and technology. Over the same weekend, as ou... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Gov. Dayton’s “Plan A” for a 21st-century tax overhaul was ambitious and rather breathtaking. And that rushing wind we’ve been hearing for two weeks is actually a long, relieved, collective exhale. Just about everybody’s breathing easier since he announced a reset of his tax-and-budget proposal. Although Dayton has revamped his plan to alleviate chronic revenue shortages and t... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Legendary playwright and poet Oscar Wilde famously scoffed at cynics who seemed to know “the price of everything, and the value of nothing.” And that critique might apply to those who focus too much on the net revenue increases in Gov. Mark Dayton’s tax-and-budget plan unveiled this week, and not enough on the enormous value of the public investments for which those taxes pay. Long-term a... Read More
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