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The Minnesota Daily

Serving the UMN community since 1900

The Minnesota Daily

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The Minnesota Daily

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Editorial board wrong on business

In response to âÄúThe Corporate TaxâÄù and âÄúThe University is not a business,âÄù it is difficult to write a coherent and cohesive response article when you are absolutely flabbergasted by the articles published in this editorial column. Apparently, not only do the contributors demonize corporations when profits are high and jobs are abundant, but also when they are struggling to grow at all. Cutting the corporate tax rates will increase medically insured jobs and capital investment. Not only are the jobs created or maintained taxable, but they also reduce dependence on welfare, food stamps, unemployment and Medicaid. There is an immediate return as well as long-term returns from future taxable business growth. For those of you who would say that the word âÄúwelfareâÄù connotes an immediate and unfair response, consider the word âÄúcorporate tax cut.âÄù Minnesotans and Americans need jobs. âÄúInvestment in an educated work force is economic development: Smart employees attract business.âÄù Wrong âÄî at least in 2009. Maybe if it was 1998 that would be an accurate assertion. IâÄôm quite certain that tens of thousands of âÄúsmartâÄù employees are unemployed with nowhere to work; businesses would love to hire but cannot afford to do so. If Higher-Ed is cut 8 percent, are those cuts going to reduce our collective intelligence so much that businesses are going to up and high-tail it out of Minnesota? Seriously, how much are you incapacitated by being in a room of 120 students instead of 100? In using slightly outdated but relevant computers and lab equipment? In taking out $32,400 in loans versus $30,000? You attract businesses with reasonable taxes and educated workers, both of which can be affirmed under the proposed corporate tax cut, assuming all our brains donâÄôt atrophy from sitting elbow to elbow in Material Science. Also, kudos to Bruininks for being recognized for his ability to run the âÄòUâÄô like a business. Businesses succeed through innovation, vision and, most importantly, producing excellent goods at a reasonable cost. P.S., contributors: Our education is the good, and tuition is the cost. If we have a good CEO and a successful âÄúbusiness,âÄù then our education/cost ratio is strong. In addition, Bruininks is being recognized for his ability to work with people. (Yes, there are actual faces behind âÄúcorporations.âÄù) His work-together-to-get-things-accomplished attitude is exactly the cooperative spirit we need and the attitude under which President Barack Obama was elected. But, to be fair, I guess the contributors could be right; a closed-minded academic with little to no business savvy and a flair for extravagant services and programs could be a good choice, too. Finally, every day there is a new article about how terrible Gov. Tim Pawlenty is for proposing that funding for services be reduced. I unquestionably believe that the existence of these social programs needs to be maintained throughout these testing times, but where should the cuts come from? Do we cut K-12 to fund museums and theaters? Do we cut police to fund a school snack program? We are facing a $1 billion deficit, and if I were to prioritize funding, I would probably make decisions similar to PawlentyâÄôs. No wait, I would be a Minnesota Daily contributor. Then I could pretend that weâÄôre not facing a deficit at all, and we can continue funding service programs that bloated during economic growth but arenâÄôt fully sustainable anymore. Theo Gagner University student

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