Governor Speaks to TwinWest Chamber of Commerce
Friday was a big day for the TwinWest Chamber of Commerce. Governor Tim Walz spoke at their legislative breakfast where he highlighted a recent survey that ranked Minnesota as the third happiest state.
The Wallethub survey ranked The Bold North below only Hawaii and Utah. Walz said he thinks that’s because people here have good opportunities. Keeping the state’s happy rating was a central theme to the governor’s talk. He noted that while Minnesota is in the top ten states for taxation, it’s also on a number of other top-ten list, including life expectancy, education, and entertainment.
Shortly before he spoke the chamber conducted an informal survey asking members to vote on what would best help businesses become more competitive. Cutting personal income taxes won overwhelmingly. The governor highlighted that while pointing out his view that tax cuts can have consequences.
“This is a group that cares about the same things I care about. Safe, prosperous community with opportunities for all,” said Walz. “I just would like them to think a little further beyond.”
The governor went on to say that if the goal is to move Minnesota out of the top ten in taxes, consideration should be given to keeping the state in the other top ten lists.
“I think it’s ‘get what you pay for,’” said Walz.
The governor will submit a budget proposal to the Minnesota Legislature by February 19. It’s expected to include increases in revenue for the state. But Walz also said he wants to restore the so-called Angel Tax Credit program. That provided tax breaks for investing in certain startup companies.