ABMAF Jeff Backer Loophole Ad Fact Check

Audio Video Supporting Facts

NARRATOR:

Minnesota needs leaders who
will stand up for middle class
families.

But Jeff Backer sides with big
corporations and wealthy CEOs.




Baker would join Tea Party
Republicans who voted to
protect tax loopholes for big
corporations that hide profits
overseas.




Minnesota Middle Class
Family


Corporate Executives
Graphic: Jeff Backer: Tea
Party Agenda: Sides with
Big Corporations & CEOs


Boardroom Meeting
Graphic: Jeff Backer: Tea
Party Agenda: Loopholes
for Corporations that Hide
Profits Overseas
Source: House Journal
6446, 03/13/12













House Republicans Voted Against Closing
Tax Loopholes that Allow Corporations
to Hide Profits Overseas In March 2013.
On March 13, 2012, House Republicans
voted for the Dean motion that the Minority
Report on education bill HF 2083 (which
included eliminating tax havens to pay back
the school shift) be laid on the table,
effectively killing it. [HF 2083, House
Journal 6446, 03/13/12]
costing Minnesota
over 100 million dollars
a year
MN Landscape
Graphic: Jeff Backer: Tea
Party Agenda: Cost
Minnesota Over $100
Million A Year
Source: Minnesota Dept. of
Revenue, Feb. 2012
The Foreign Operating Corporations Tax
Expenditure Cost $56.9 Million For The
2012-2013 Biennium. In February 2012,
the Minnesota Department of Revenue
presented the Tax Expenditure Budget,
noting the Foreign Operating Corporations
tax expenditure cost the General Fund $56.9
million for the 12-13 biennium. [MN
Department Of Revenue, Feb. 2012]

The Foreign Source Royalties Tax
Expenditure Cost $170.2 Million For The
2012-2013 Biennium. In February 2012,
the Minnesota Department of Revenue
presented the Tax Expenditure Budget,
noting the Foreign Source Royalties tax
expenditure cost the General Fund $170.2
million for the 12-13 biennium. [MN
Department Of Revenue, Feb. 2012]

In fact, Backer said he
thinks we should
eliminate the corporate
tax altogether.
Corporate Building
Graphic: Jeff Backer:
Eliminate The Corporate
Tax
Source: FlagFamily.com,
04/04/14
Backer Advocated For Eliminating
Corporate Tax. Accessed in August 2014,
flagfamily.com housed a radio interview
with Backer in which he remarked, One of
the things Minnesota does not do well, is
Minnesota has corporate tax. And corporate
tax really passes it down to the consumer.
I would love to see [Minnesota] eliminate
corporate tax. For the simple reason, you
dont tax the corporation. That is going to
the consumer, because that business has to
make a profit. So lower it of course is good,
better is to eliminate it. [flagfamily.com,
accessed 08/08/14]
Leaving middle class
families to pick up the
tab.

Jeff Backer has the
wrong priorities for
Minnesota.
Family Standing with
Groceries


Corporate building
Graphic: Jeff Backer has
the wrong priorities for
Minnesota.

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ADVERTISEMENT.
PAID FOR BY
ALLIANCE FOR A
BETTER MINNESOTA
ACTION FUND. NOT
PREPARED ON BEHALF
OF OR IN
CONSULTATION WITH
ANY CANDIDATE.