Now that this year's legislative session — otherwise known as "DFLers gone wild" — is mercifully over, Minnesota's monopoly party can get to work planning its next assault on American tradition.
On so many fronts — taxes, spending, regulations and social policy — Minnesota took the largest leap leftward in a generation. Egged on by Gov. Mark Dayton, whose obsession with other people's income seems limitless, the DFL-dominated Legislature actually wound up enacting a $2 billion deficit where none existed.
Why? So it could raise taxes on those individuals and businesses guilty of the crime of prospering too much. Getting the top 2 percent to pay their "fair share" was, of course, justified, say the redistributionists, because we could then take their money and give it to others via "property tax relief."
But doubling down on a failed "Minnesota Miracle" shouldn't fool anyone who has seen their own property levies skyrocket since the state embarked on subsidizing local government in the 1970s.
Does any serious observer believe that exempting cities and counties from state sales taxes (while extending them on the private sector) will reduce your local taxes one penny? No, cities, counties and school districts will do exactly what they've done for decades — increase their budgets.
Moreover, the whole "fair share" nonsense rings especially hollow when you consider the impact of Minnesota's top new income tax rate of 9.85 percent, the fourth-highest in the nation. While the billion-dollar tax will hit wages the hardest, it also falls on 53 percent of non C-corp business income in the state, according to data from the Revenue Department.
Some big corporations and their nonprofit counterparts, on the other hand, came out smelling like a rose. Massive tax breaks and subsidies were found for the Mayo Clinic, the Mall of America, 3M, Baxter Healthcare Group, the Xcel Energy Center and, of course, a new Vikings stadium — courtesy of cigarette smokers everywhere.
Oh, and let's not forget the latest environmental handout in the form of new solar energy mandates. Coupled with Minnesota's already onerous renewable portfolio standards, this special-interest carve-out is so transparently costly to ratepayers that the legislation had to exempt a hodgepodge of selected industries lucky enough to have lobbyists at the Capitol.