Minnsights Blog

One of the Chamber’s top priorities this session is reinstating Minnesota’s Pass-Through Entity tax, commonly known as the PTE tax at the Capitol. The proposal was heard in both the House and Senate this week. The PTE tax is a win-win policy that provides federal tax relief to more than 66,000 Minnesota businesses, primarily small to medium-sized companies, without costing the state any revenue. More than 30 states already offer a PTE tax, and without action, Minnesota risks falling further behind other states when competing for business investment.

A week ago, last Friday, the state’s budget forecast was updated with the February forecast. The Chamber put out a statement noting that when Minnesota’s economy grows, the state’s budget outlook improves and creates economic opportunity for all Minnesotans.

As I’ve been thinking about this week’s podcast, I initially expected we would be discussing the start of the legislative session, which kicked off last week, and the Chamber’s priorities for the session. I also thought we might reflect on our successful Session Priorities dinner. But instead, I felt the time was right to share my thoughts on Operation Metro Surge and the Chamber’s engagement throughout the immigration enforcement crisis in our state.

At the Minnesota Chamber of Commerce, we are committed to strengthening our state by putting Minnesota on a deliberate path toward sustained economic growth and enduring prosperity. The strength of our economy is the foundation of opportunity and long-term vitality, and it touches every household across the state. A growing economy funds our schools, modernizes infrastructure that connects our communities and strengthens budgets from city halls to the state Capitol. It creates higher wages, stronger career paths and a real reason for young people to build their lives here rather than somewhere else.