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Friday, February 24, 2006

GOP Newsline: the facts about taxes and jobs

Posted by: Hammer / 9:55 AM

The Minnesota GOP included this in their "Newsline" email:

Amy Klobuchar appeared on MPR's Midday program on Thursday and spent a considerable amount of time talking about the possibility of raising a wide variety of taxes.

Republican Party of Minnesota Chairman Ron Carey released the following statement after Amy Klobuchar’s appearance.

"Amy Klobuchar spent an hour discussing ways to raise taxes, including increasing the gas tax, raising taxes on the small businesses that drive our economic engine, and raising the cap on Social Security.

"Klobuchar overlooked the facts: the tax relief passed in 2001 and 2003 have helped create 4.8 million jobs in the last 29 months and unemployment in Minnesota is down to 4.6%. The last thing working Minnesotans need is the series of tax increases Klobuchar has endorsed."

Got that? The tax cuts in 2001 and 2003 have lowered the unemployment rate to 4.6%. Problem the first: the unemployment rate in Minnesota isn't 4.6% -- it's 4.0%. Carey is reporting the December national unemployment rate.

Carey says the unemployment rate is down due to tax cuts in 2001 and 2003. True? You be the judge. The unemployment rate in Minnesota for 2000 was 3.2%. In 2001, the unemployment rate was 3.9%. Minnesota's unemployment rate is higher after the 2001 and 2003 tax cuts, not lower.

More facts for your reading pleasure. From December, 1995 (2,530,211) through December, 2000 (2,756,790), we added 226,579 jobs in Minnesota. From December, 2000 through December, 2005 (2,812,884) we added 56,094 jobs in Minnesota.

And Carey is accusing others of overlooking the facts.


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