House Majority Whip Tom Emmer (R-MN) is slamming Kamala Harris‘s 2024 running mate, Governor Tim Walz (D-MN), for economic policies he claims have harmed the state. Emmer asserts that Walz’s leadership has driven Minnesota toward economic trouble, emphasizing that high tax rates under Walz’s administration have exacerbated financial strains for residents and businesses.
According to Emmer, Minnesota now has one of the highest tax rates in the country, which has been further increased under Walz’s governorship. Emmer contends that Walz has pushed the state “on a course to economic disaster” by mishandling the state’s budget surplus and imposing additional taxes. During Walz‘s tenure as governor, Minnesota depleted a $17.5 billion surplus and introduced $8 billion in new taxes and fees.
Data from the Tax Foundation—cited by Emmer—shows that Minnesota ranks among the worst states for business taxes, holding the 44th position out of 50. Emmer suggests that this situation has resulted in residents and businesses leaving the state in significant numbers. The National Pulse previously reported that under Walz, Minnesota has only grown at half the rate of the Biden-Harris economy at large. Meanwhile, energy costs in the state have soared—with industrial electric rates, specifically, being nearly 30 percent higher than the national average.
Employment growth has also lagged under Walz, with Minnesota’s job growth at 0.5 percent from January 2019 to June 2024, compared to the national increase of 5.8 percent over the same period. Emmer argues that Walz’s economic agenda—if applied nationally—could hinder the U.S. economy.
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