Taxes and the Economy
The Problem: Minnesotans are still struggling to make ends meet due to high inflation and increased costs. Hard-working families are not seeing wages increase even while corporate profits are at record highs. Small businesses and local farms are struggling with high costs, and big corporations are coming into our rural communities and pushing businesses out or buying up land.
Solutions:
- We should lower income taxes on middle and lower-income families, to help provide some economic relief for those who are working hard to make ends meet. Minnesota has one of the highest income tax rates in the country, and has had substantial budget surpluses in the last few years. Working families are the backbone of this state, and deserve to keep more of their hard-earned money.
- Investigate and limit subsidies to corporations who are making record profits. Companies that are contributing to increased costs for consumers and making excessive profits should not be receiving your hard-earned tax dollars.
- Promote small-business growth and sustainability with tax incentives and regulatory relief. Small businesses and local farms are the lifeblood of rural communities. Small business owners are hard workers who don't want or need a handout. They deserve an even playing field to compete on against big national corporations.
- Promote job-training programs and technical schools as career pathways for high-school students. Partner with schools to normalize non-college career paths and help enroll students in programs. College is not the only path to a meaningful career, and often saddles young students with mountains of debt.