Star Tribune
What’s next for Gov. Tim Walz after a failed vice presidential bid?
Lawmakers passed a nearly $72 billion budget two years ago, by far the largest in state history. Republicans decried the jump in state spending but DFL leaders stressed at the time that a large chunk of the roughly 40% increase from was one-time spending. Whether the next budget will drop substantially remains uncertain, given inflationary and spending pressures.
Walz is in his second term and whether he would seek a third round as governor or look to another office remains to be seen. Minnesota does not limit the number of terms a governor can serve.
The governor’s daily schedule did not include any events Wednesday.
Staff writers Christopher Vondracek and Ryan Faircloth contributed to this report.
Star Tribune
Bloomington residents decide to keep ranked-choice voting
Both supporters and opponents acknowledge it’s difficult to pinpoint whether ranked-choice voting changed the outcome of Bloomington races, in part because there’s not a definitive way to know who would have won the primary and competed in the general election under the old system. Of the 10 most recent Bloomington races, six were decided in the first round and four were tabulated using ranked-choice voting methods.
Star Tribune
Voter anxiety over the economy and a desire for change return Trump to the White House
WASHINGTON — A disaffected electorate wanted former President Donald Trump to return to the White House, a blatant rejection of Vice President Kamala Harris and her nearly four years with President Joe Biden.
The Republican’s victory came from a public so put off by America’s trajectory that they welcomed his brash and disruptive approach. About 3 in 10 voters said they wanted total upheaval in how the country is run, according to AP VoteCast, a sweeping survey of more than 120,000 voters nationwide. Even if they weren’t looking for something that dramatic, more than half of voters overall said they wanted to see substantial change.
Both nationwide and in key battleground states, the Republican won over voters who were alarmed about the economy and prioritized more aggressive enforcement of immigration laws. Those issues largely overshadowed many voters’ focus on the future of democracy and abortion protections — key priorities for Harris’ voters, but not enough to turn the election in her favor.
Trump’s victory, however, wasn’t a total mandate. Even as Trump prevailed in the electoral college, there were concerns about how he could wield his power. Most voters said they were very or somewhat concerned that electing Trump would bring the U.S. closer to being an authoritarian country, where a single leader has unchecked power. Still, more than 1 in 10 of those voters backed him.
Voters gave Trump the edge on their top concern: the economy
Anxiety about inflation was high nationally, and voters broadly believed that Trump would be better equipped than Harris to handle the economy and jobs. The key swing states of Pennsylvania and Wisconsin largely mirrored the mood of the nation.
The share of voters who said their family’s financial situation was ”falling behind” rose to about 3 in 10, up from roughly 2 in 10 in the last presidential election. Many voters were still reeling from inflation that spiked to a four-decade high in June 2022. About 9 in 10 voters were very or somewhat concerned about the cost of groceries, and about 8 in 10 were concerned about their health care costs, their housing costs or the cost of gas.
Trump eroded Democrats’ traditional advantage among key groups
Star Tribune
Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed
But in an example of how the conservative movement might proceed with or without Trump, anti-abortion activists note that the GOP platform still asserts that a fetus should have due process protections under the 14th Amendment’s equal protection clause. That constitutional argument is a roadmap for conservatives to seek a national abortion ban through federal courts.
Trump’s tax policies broadly tilt toward corporations and wealthier Americans. That’s mostly due to his promise to extend his 2017 tax overhaul, with a few notable changes that include lowering the corporate income tax rate to 15% from the current 21%. That also involves rolling back Democratic President Joe Biden’s income tax hikes on the wealthiest Americans and scrapping Inflation Reduction Act levies that finance energy measures intended to combat climate change.
Those policies notwithstanding, Trump has put more emphasis on new proposals aimed at working- and middle class Americans: exempting earned tips, Social Security wages and overtime wages from income taxes. It’s noteworthy, however, that his proposal on tips, depending on how Congress might write it, could give a back-door tax break to top wage earners by allowing them to reclassify some of their pay as tip income — a prospect that at its most extreme could see hedge-fund managers or top-flight attorneys taking advantage of a policy that Trump frames as being designed for restaurant servers, bartenders and other service workers.
Trump’s posture on international trade is to distrust world markets as harmful to American interests. He proposes tariffs of 10% to 20% on foreign goods — and in some speeches has mentioned even higher percentages. He promises to reinstitute an August 2020 executive order requiring that the Food and Drug Administration buy ”essential” medications only from U.S. companies. He pledges to block purchases of ”any vital infrastructure” in the U.S. by Chinese buyers.