Shutdown halts signup for angel tax credit

  • Article by: WENDY LEE , Star Tribune
  • Updated: July 7, 2011 - 6:33 AM
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seniormomentJul. 6, 1111:11 PM

I don't think the state will resume operations anytime soon, because I believe the GOP in the state is doing a test run of reaction if Congress's impasse shuts down the federal government to try and force Democrats to accept unreasonable conditions. They want to know if it is the GOP or the Democrats the public will blame, so the state GOP will not drop its unreasonable demands. I have to wonder vesides what direct harm is done, how much in usual federal revenue will be permanently lost to the state. Other states are waiting in line to apply for any mone this state loses.

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janmeyJul. 7, 1110:05 AM

If you are investing----invest! A tax credit shouldn't be needed. That is what investing is all about. You win, loose or draw. Stuff happens.

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marathongirlJul. 7, 1110:49 AM

Hmm...a tax credit, something to give people ability to pay less in taxes, yet the solution is always "raise taxes"...maybe if we just cut all the tax credits and people paid what they should (and I don't blame anyone taking the tax credits, they are put there and are legal to use, it's the politicians fault then they aren't getting any revenue because everyone takes a tax credit!) be paying, there wouldn't be revenue problems and overall we could LOWER taxes.

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rds1449Jul. 7, 1111:10 AM

Exactly wrong marathongirl. It's creates an extra incentive to invest in specific things. They could invest there money elsewhere but this incentive makes it more viable to invest in Minnesota jobs not China jobs. Cutting taxes across the board does nothing to spur investors in any direction. Get it?

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staufrJul. 9, 1111:54 AM

Commerce and Jobs increase tax revenues. Open the Department of Employment and Economic Development.

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