St. Paul bakery is an example for tax incentive success

Reform should take note of incentives that strengthen distressed areas.

Op-Ed by Frank Altman, President and CEO of Community Reinvestment Fund, Inc.

015 ctp baldinger bakery

Today, the chairmen of the U.S. Senate and U.S. House tax-writing committees — Sen. Max Baucus, D-Mont., and Rep. Dave Camp, R-Mich. — are kicking off a bipartisan summer road trip to promote progrowth tax reform that simplifies the tax code and encourages policies that work. Their first stop is right here in St. Paul.

Baucus and Camp will be traveling across the country in the coming weeks, meeting with individuals, families, workers and owners of business big and small, seeking feedback on how to improve their experience with our nation’s tax system. For the two chairmen, the goal is to take what they hear — firsthand experiences from across the country — and create a simpler, fairer tax code to boost the economy, create jobs and improve wages.

Given their end goal, it’s fitting that Baucus and Camp will be kicking off their tour at the Baldinger Bakery. Not only is it a 125-year-old, fourth-generation family business, but it’s also a prime example of an effective federal tax program proven to stimulate economic expansion and job creation.

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