Wednesday, May 12, 2010

Minnesota Standoff. An Uff Da Moment

Don't count on Pawlenty to blink, Dems. True North

The WSJ starts off this way:

Minnesota has a rich Scandinavian heritage, and if Democrats in the state legislature have their way the state is headed toward Scandinavian tax rates. Governor Tim Pawlenty, a likely GOP Presidential candidate, has now smacked this slow, fat pitch out of the ballpark.

Earlier this week Democrats who control both legislative houses passed a three-year $1 billion income tax increase. This would raise the top tax rate to 9.1% from 7.85%, taking the rate even higher than that in New Jersey and New York (outside of Manhattan).

Yesterday Mr. Pawlenty vetoed this tax foolishness, as he has three previous tax hikes as Governor. The tax increase was targeted at the rich, but it applied to individuals with an income of $113,100 for singles and $200,000 for joint filers. Note how the definition of "rich" keeps becoming more expansive.

Well, Gov. Pawlenty is so far standing fast. Minnesota Nice only goes so far. Uff da.

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