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links for 2010-07-03

  • Quote:"Rhode Island is passing Minnesota in the race for mobile workers, entrepreneurs, and job-creating investments. Its decision to do so could provide a roadmap for a major tax reform in Minnesota.

    Rhode Island's legislature unanimously voted to reduce its highest income tax rate from 9.9 percent to only 5.99 percent. That's a 40 percent reduction. It will move Rhode Island from the nation's fourth-highest income tax rate this year down to 25th place next year. Policy-makers believe it will help make Rhode Island much more competitive in attracting businesses — and jobs.

    Rhode Island's reasoning and the structure of its reforms could be instructive for Minnesota, which currently has the ninth-highest personal income-tax rate in the nation (7.85 percent).

    // Minnesota also has sales taxes, high corporate taxes, property taxes…etc etc.

  • Quote:"Finally there is the most pessimistic explanation—that the oil spill may be viewed as an opportunity, the way White House Chief of Staff Rahm Emanuel said back in February 2009, "You never want a serious crisis to go to waste." Many administration supporters are opposed to offshore oil drilling and are already employing the spill as a tool for achieving other goals. The websites of the Sierra Club, Friends of the Earth and Greenpeace, for example, all feature the oil spill as an argument for forbidding any further offshore drilling or for any use of fossil fuels at all. None mention the Jones Act.

    // Ugh

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