Confident Minnesota companies perform despite turbulence

  • Article by: JOHN J. OSLUND and PATRICK KENNEDY , Star Tribune
  • Updated: May 6, 2012 - 8:47 AM

In 2011, many of the state's biggest publicly held firms saw improvements, and did more hiring.

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jcinmnMay. 6, 12 5:19 PM

"Unfortunately, a cliff looms in the form of tax cuts that are set to expire at the end of the year. Stinson calculates that expiration of the Bush tax cuts, the 2 percent payroll tax and some other, less-well-known tax breaks that have yet to be extended, coupled with the additional revenue expected under the current incarnation of the alternative minimum tax means "we are talking about a one-half-trillion-dollar tax increase in 2013 if Congress and the president don't do something before the end of the year.' ". ACCORDING TO THE US. DEPARTMENT OF LABEAU OF STATISTICS THE BUSH TAX CUTS DID NOT DO WHAT THEY WERE “INTENDED TO”, PROVIDE JOB GROWTH FOR AMERICA! According to the US Dept of Labor the percentage of Americans emloyed reached its peak in 2000 before the Bush tax cuts were enacted and has been dropping steadily ever since. While the wealthy and corporate America were getting TLC, Americans were suffering due to mandatory wage freezes, overtime and layoffs. At the worst time in the past 10 years, 2010, the Star Tribune 100 was sitting on $6 Billion in cash waiting to acquire other companies. WE NEED TO DISPEL THE MYTH ABOUT THE BUSH TAX CUTS!!!! INSTEAD OF CREATING JOBS THEY ENABLED CORPORATE AMERICA TO CANNIBALIZE OTHER COMPANIES, SHIP JOBS OVERSEAS & OVERPAY TOP EXECUTIVES. The federal government may or may not create more jobs but corporate America has already proved unwilling to

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