Mark Dayton gets F grade in Cato Institute's 2012 governor fiscal policy report card

Categories: Mark Dayton
mark dayton rect.jpg
The Cato Institute gives Dayton low marks for proposing a tax increase on the wealthy.
The D.C.-based Cato Institute is a conservative think tank co-founded by Charles Koch, so of course researchers there and Gov. Mark Dayton weren't destined to be bosom buddies.

SEE ALSO:
-- Mark Dayton rips Paul Ryan for fudging Grandma's Marathon time... by over an hour
-- Mike Parry says Governor Dayton is a drug addict, pops "15 or 16 pills" during meetings [VIDEO]
-- Dayton vetoes "smokin' hot" MNGOP-crafted tax cut bill


Still, the amount of scorn Cato's Chris Edwards slathers Dayton with is impressive, as Minnesota's chief executive received the third worst 2012 fiscal policy report card of any governor in the country.

Here's what Edwards has to say about Dayton:
Mark Dayton of Minnesota soon revealed his taste for bigger government after he entered office in 2011. General fund spending jumped almost 10 percent in his first year in office. To fund the spending, he proposed a large tax increase to raise $2 billion a year. The plan would have raised the top personal income tax rate from 7.85 to 10.95 percent, with an additional 3 percentage point tax on top of that for the highest earners. Dayton also wanted business tax increases and a new property tax on higher-valued homes. The legislature rejected Dayton's tax-increase plans.

... After trying to clobber the Minnesota economy with higher taxes in 2011, Dayton apparently wanted to show that he was helping the economy and has supported narrow giveaways to businesses. For example, he proposed a temporary tax credit of $1,500 to businesses for each new person hired, and he signed legislation to subsidize a new stadium for the Minnesota Vikings.
Edwards ended up giving Dayton and four other Democratic governors F grades. Unsurprisingly, his four A grades all went to Republicans, including Kansas' Sam Brownback and Florida's Rick Scott.

But one thing Edwards fails to note in his analysis of Dayton's fiscal performance is that by the Cato's own numbers, Minnesota's state coffers have experienced one of the largest revenue influxes since the last election cycle. The "changes in revenue from proposed and enacted tax changes" under Dayton's watch has been a gain of 5.5 percent, the second largest in the entire country.

Some might view that as government spending stimulating the economy, but within the walls of the Cato Institute, it just provides an opportunity to ponder how much better things might be under the watchful eye of a fiscal conservative like, say, Tom Emmer.


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18 comments
Jeff Holtz
Jeff Holtz

Steve, facepalm... So the Cato Insitute doesn't like what his pre-session budget proposals were. Shocking...why the hell would they grade him on proposals and not upon reality? Reality is he had to accept budget shifts and budget cuts that the GOP majorities in both chambers demanded and that he had to go along with. Grading him based upon hypothetical proposals is as absurd as giving a college kid a grade for a final based upon what was crossed out and erased in their blue book instead of what the final product was. Heck, they should give him an A for having to sign into law conservative accounting gimmicks proposed by the GOP to shift costs to future budgets in order to help balance the current one. K-12 shift anyone...?

Mark Churchill
Mark Churchill

F; I'm sorry that some people hate freedom which is what Cato Institute actively promotes.

keny1
keny1

The alcoholic Dayton wants to increase the taxes on small businesses, but hands over 500 million to multimillionaire Ziggy.  And spare me the pull-tab bullshit.  In the end, we will all pay for his new stadium.  And the small businesses that will cater to this new stadium will be taxed to death.  So while Ziggy and Dayton profit from the new stadium, concession workers will be paid minimum wage with no health care or benefits, because their employers won't be able to afford them.  In the end, low-wage workers will suffer.  

 

"Look, Mom!!  I got a new job working at the new stadium!!  I will be paid $7.50 per hour for working a total of 8 hours each week for 10 weeks out of the year!!  That means my yearly income will be $600 per year!  Thank you Mark Dayton!  With my new found wealth, I might be able to afford a chicken soft taco at Taco Bell once a year!  But don't worry about my health insurance, because with Obamacare, I will be paying all of my wages in penalties for not accepting the plan.  OK, maybe the luxury of a Taco Bell Taco once a year may be out of the question!  But I don't mind!  As long as Ziggy continues to earn his millions and Mark Dayton gets all the credit for it, I don't mind!!  I love America!!"

 

Dayton deserves an F- 

Bob Alberti
Bob Alberti

http://www.startribune.com/politics/101394939.html Mark Dayton, 2010: "I don't hold any stock directly in Target in my own holdings. I don't know the percent of my family's holding in Target but I would estimate it is less than one percent of the actively traded shares in the company and certainly my family has no voice in the actions of Target corporation"

Chris Dahl
Chris Dahl

I'D EXPEL him rather than waste my time giving him a grade!

Reier Erickson
Reier Erickson

The Cato Institute makes the Heritage Foundation look progressive.

Bob Alberti
Bob Alberti

If the Cato Institute gives him an F, I'd give him an A, because the Cato Institute are a bunch of lunatics.

MicheleBachmann
MicheleBachmann topcommenter

These idiots help prove there is no such thing as a smart Republican.  When Michele Bachmann is one of your deeper thinkers you have problems.

AaronLey
AaronLey

@atrupar @GovMarkDayton Dayton may be unpopular with Cato, but according to PPP he is among the most popular governors in the country

Hurray
Hurray

An "F" from Cato is a ringing endorsement, in my book.

Kieron
Kieron

 @keny1 Oh... you're concerned about low-wage workers now?  Will wonders never cease?

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