October 21 2024
Tim Walz’s Fiscal Policy report card is in, and it's worse than you can imagine. According to a new report, Tim Walz has driven Minnesota off the fiscal cliff with his out-of-control spending and tax hikes on the middle class. Knucklehead Tim Walz earns an ‘F’, receiving the worst grade of any Governor in the country.
Tim Walz has overseen more increases in spending and taxes than any governor in the country- landing Minnesota in LAST PLACE in fiscal policy.
Highlights from CATO Institute’s Fiscal Policy Report Card on America’s Governors 2024
- Under Walz’s failed leadership, spending has increased by 36% since 2022, from about $52 billion to nearly $71 billion.
- Walz’s high tax rates undermine the economy and drive away wealthy people, including highly skilled job-creating entrepreneurs.
- Walz hit the middle class again in 2023 with a massive tax hike to pay for a new mandatory paid family leave program. An accounting analysis of the plan found that the tax will raise $1.2 billion in the first year of operation and rising amounts after that.
- Walz also pushed for higher gas taxes and higher vehicle fees to raise about $1 billion annually for transportation.
- Walz proposed adding a new individual income tax rate of 10.85 percent above the current top rate of 9.85 percent, a surtax on capital gains and dividends, and a hike to the corporate tax rate from 9.8 percent to 11.25 percent.
BOTTOM LINE: Americans can NOT afford the Harris-Waltz radical playbook in the White House. A vote for Harris-Walz is a vote for runaway government spending and tax hikes that will only worsen America’s inflation crisis.