DFL react to Pawlenty's speech

Posted at 4:15 PM on February 11, 2010 by Tom Scheck (1 Comments)
Filed under: Campaign 2010, Campaign 2010: Minnesota Governor, MN Legislature, Tim Pawlenty

DFL House Speaker Margaret Anderson Kelliher, DFL House Majority Leader Tony Sertich and DFL Senate Majority Leader Larry Pogemiller say they weren't impressed with Gov. Pawlenty's eighth and final State of the State speech. They called it "more of the same," and "boilerplate." They also don't seem too receptive to his "job creation bill" that includes a 20 percent reduction to the corporate income tax rate, an Angel Investment Tax Credit and a capital gains exclusion to for qualified investments.

Comments (1)

There is a right time and place for everything. I agree with the DFLers and the Speaker on their criticism of Governor Pawlenty's proposal for how to create jobs. Reducing corporate taxes will only help corporations save money, not create jobs. Credit agencies such as Moody's have declared a "negative" outlook on the state of MN, which is a warning sign for our state, indicating that we don't have substantial reserves to cover our debt obligations. It is a signal that Governor Pawlenty's management of cashflow and debt should be taking a different direction than it has over the years.
The one idea that will help give some boost to economic development and create some jobs, if implemented correctly, is angel investment credit. This will allow small innovative business' to get monetary help, expert advice on how to grow their business and ultimately the growth will lead to some job creation.

Posted by Sonal Patney | February 12, 2010 10:53 PM

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