Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

For Minnesota firms, tax cuts gave a boost to a robust spring, summer


August 6, 2018

Most of Minnesota’s biggest companies have doubled, and in some cases more than tripled, their profit growth this year thanks to reduced taxes under the new federal tax law.

The latest wave of quarterly results, which crested last week, was better than investors and analysts expected. And those already solid results got a boost from the first corporate tax cut since the Reagan administration.


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