Aligning taxes with economic growth.
High taxes and an outdated model do not position Minnesota for growth.
High quality government services depend on an adequate amount of tax revenue for funding. But how Minnesota raises that tax revenue greatly impacts incentives to work and to invest in this state. Minnesota needs a taxation model that reflects today’s economic realities and positions Minnesota for growth. Authors: Michael Vekich, chairman, HF Financial Corp., and past chair of the Governor’s 21st Century Tax Reform Commission; John Spry, associate professor of business economics, University of St. Thomas.
John Spry is an associate professor in the Finance Department at the University of St. Thomas. His current areas of research are state and local public finance, the economics of state lotteries, the effects of tax rates on tax bases, and applied non-parametric econometrics. He was a member of the Minnesota Governor’s 21st Century Tax Reform Commission. John earned his B.S. in economics at Ohio State University, and his M.A. and Ph.D. in economics at the University of Rochester.