DFL48 | Restoring Common Sense Minnesota Values

May/15

7

Which SD48 Businesses Benefit Big from GOP Tax Bill?

Big MoneyThe House GOP’s omnibus tax bill contains many draconic manipulations of what has made Minnesota a great place to live. In this post, we’re focusing only on the bill’s intention of doing away with property taxes for businesses.

Why is this a big deal? Let’s take a look at what businesses (should we say who where corporations are now considered people?):

Property Owner Yearly Prop Tax
Eden Prairie Center Capref EP
Dallas, TX
$3,647,788.32
United Health
11020 Optum Cir
UHC
Minnetonka, MN
$3,351,209.12
Menards Menards
Eau Claire, WI
$926,806.58
Emerson Corporation Rosemount, Inc.
Eden Prairie, MN
$809,640.76
Costco Costco
Issaquah, WA
$610.741.90
Walmart Walmart
Bentonville, AR
$502,404.54
Eaton Corporation Eaton MDH Co.
Beachwood, OH
$426,756.10
Gander Mountain Gander Mountain
Burnet, TX
$425,615.14
Home Depot Home Depot
Atlanta, GA
$395,715.86
Total Annual Tax Giveaway $10,485,936.42

 

That’s just an overview of some of the larger properties. They add up to almost $10.5 million of tax giveaways every year — pretty much forever or until the law can be changed again. There are many other properties scattered across the district that are owned by corporations. Some corporations have multiple properties.

Your tax give back from this bill?  An average of $70 per person for only 2 years.

So, does it look like the GOP is the party looking out for you and me?  It sure doesn’t to us.

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©2014 DFL SD 48. Prepared and paid for by Senate District 48 DFL, Sharon Borine, Chair, 18285 Croixwood Ln, Eden Prairie, MN 55347