>>Legislature news – Tax cuts for business

Republican legislative leadership has proposed cuts in business taxes as one of their priorities. Why is this not a good idea? Some reasons:

Corporate tax cuts are no guarantee for job growth.
State corporate taxes are a minor expense for corporations.
Mulitstate corporations could use their tax breaks in another state.
Multistate corporations already are receiving a tax cut.
Proposed corporate tax cuts are not a proven job-creation strategy

Additionally, the proposed tax cuts would create a deeper budget hole now and add to the challenge policymakers already face to close a $6.2 billion budget deficit.

More at http://minnesotabudgetbites.org/2011/01/10/proposed-corporate-tax-cuts-are-not-a-proven-job-creation-strategy/

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