Home > News > Viewpoint: Angel investor tax credit legislation offers tiny Band-Aid for business climate wounded by government intervention
May 12th, 2010
Viewpoint: Angel investor tax credit legislation offers tiny Band-Aid for business climate wounded by government intervention
Abstract:
Our tax credits are targeted to government favorites: University of Minnesota, green jobs, medical devices and bioscience industries, and nanotechnology. These are industries that already fare well in Minnesota.
Interestingly enough, the other states choosing the Angel Investor Tax Credit legislation are also targeting these industries - all of them!
Minnesota could best compete with any state if we realized a broad tax cut and reduced the strangling regulation for all businesses.
Our legislators should strive to create a business friendly environment not just for a few industries, but for all business. This would strengthen the richness of job choice and security, allowing Minnesotans to self-determined prosperity.
So the deeper question remains: In what direction does this legislation take our state's economy and how may it distort our marketplace?
Source:
woodburybulletin.com
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