Gov. Tim Walz Ranked Lowest on Fiscal Policy by Cato Institute

The libertarian think tank criticizes Walz for significant tax hikes and spending increases, raising concerns about Minnesota's economic future.

The Cato Institute's 2024 Fiscal Policy Report Card gave Governor Tim Walz an 'F' grade with a score of 19, the lowest among all U.S. governors.
Walz, who is Vice President Kamala Harris's running mate, has faced criticism for a 36% increase in Minnesota's general fund budget from 2022 to 2025.
The report highlights tax hikes on high earners, businesses, and transportation, including an inflation-indexed gas tax and increased vehicle registration fees.
Critics warn that Walz's fiscal policies may drive businesses and high earners out of Minnesota to states with lower taxes.
Six Republican governors received 'A' ratings from the Cato Institute, with Iowa's Gov. Kim Reynolds scoring the highest at 81.