It is not always "about the economy, stupid"

cross posting from GD

https://www.democraticunderground.com/100219333799

For the youngsters here, this was an election slogan for Bill Clinton - created by Garville, I think.

This is from a story in the WSJ

High Taxes, Big Spending, Low Unemployment: Tim Walz’s Economic Record

(snip)

“There are cases where businesses are expanding here and putting up new facilities, but by and large, we are seeing growth elsewhere and it’s partially because of our high-tax climate,” said Doug Loon, chief executive of the Minnesota Chamber of Commerce. “We are No. 1 right now in the corporate tax in the country.” Minnesota’s 9.8% corporate tax is the highest in the U.S., according to the conservative-leaning Tax Foundation. The designation arrived this year, after New Jersey let a 2.5% surtax on net corporate income over $1 million expire.

The state’s job growth has also been significantly slower than the national average, according to Bureau of Labor Statistics data. Nonfarm payrolls have grown 1.4% since Walz became governor through June, compared with 5.7% for the U.S. overall. “We are not improving our economic performance and are actually falling backward,” Loon said. “We are not competing well with other states and we are on the backside of most indexes, meaning we are not competing well around the country.”

But Minnesota has posted record-low unemployment during Walz’s tenure, with the current rate of 2.9% among the country’s lowest. The state has also received AAA bond ratings from all major credit-rating agencies three years in a row, according to Walz’s office.

(snip)

Bill George, former chief executive for Medtronic, a medical-technology company based in Minnesota, said businesses will continue to blossom in the state because workers like living there.

“It does have a high tax base and that has contributed to strong educational systems, the arts, the environment and the quality of life,” said George, a Minnesotan who considers himself an independent voter and plans to vote for the Harris-Walz ticket.

More..

https://www.wsj.com/politics/elections/high-taxes-big-spending-low-unemployment-tim-walzs-economic-record-3eeb80fd?st=rhm8gv8fprggrk2&reflink=desktopwebshare_permalink