Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.
Seven years before Governor Mark Dayton failed to reach a budget deal with Republicans and Minnesota’s government shut, he closed his U.S. Senate office for almost a month after being warned of a terrorist threat.
Medtronic Inc., the second-largest maker of medical devices, agreed to buy Covidien Plc for $42.9 billion in cash and stock as it transforms into a broader-based company bolstered by new tax advantages.
The formula to get taxpayers to pay for professional sports stadiums usually works this way: Promise construction jobs and downtown revitalization, and threaten to move the team if you don’t get what you want.