Tim Pawlenty in 2010 Governor's State of the State speeches
On Corporations:
Reduce business tax from 3rd highest corporate tax rate
Minnesota's business tax climate is the 8th worst in the nation. That means 42 other states have a competitive edge on Minnesota.We have the 3rd highest corporate tax rate in the developed world. Our personal income and sales tax rates are among the
highest in the country, and Minnesota offers no preferential rate for capital gains. We need to face the facts: Minnesota's tax system is costing us jobs, and our tax code needs to change to meet the challenges and opportunities of our time.
Source: Minnesota 2010 State of the State Address
Feb 11, 2010
On Jobs:
Jobs Creation Bill: R&D tax credit; 20% corporate tax cut
I urge the legislature to pass my Jobs Creation Bill that has six vital parts:- A 20 percent reduction in the corporate tax rate;
- A 20 percent exclusion from taxation for small businesses;
- An angel investment tax credit;
-
A supercharged research and development tax credit;
- A capital gains exclusion for qualified investments; and
- Incentives for companies to invest in Minnesota small businesses.
Source: Minnesota 2010 State of the State Address
Feb 11, 2010
On Tax Reform:
Get Minnesota out of the top ten states in taxes
It's plainly obvious that Minnesota's tax system is not even close to competitive. We've made some progress by achieving a decades-long goal of getting Minnesota out of the top ten states in taxes. We've dramatically slowed down state government spending
And even in this economy, we've seen Minnesota's GDP grow more than 25% during my time in office. While our unemployment rate is too high, it's significantly below the national average.
Source: Minnesota 2010 State of the State Address
Feb 11, 2010
Page last updated: Dec 03, 2018