Minnesota Banks on Higher Taxes, Minimum Wage as Script for Growth

It is too early to tell how a recent round of tax hikes and a minimum wage increase will play out in Minnesota, a state where liberal and conservative forces have often swapped control and policies. But the state's experience may give pause to a crowded field of Republican presidential hopefuls who largely swear by tax cuts and small government as a recipe for prosperity. Judged by those standards this state on the Canadian border should be a train wreck in process. Instead, Democratic Governor Mark Dayton's Minnesota could become a touchstone in the national debate over how to bolster the middle class - an example of how solid growth and low unemployment can coexist with some of the highest income and corporate tax rates in the country.



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