A taxing debate at the Capitol
Minnesotans should speak up as lawmakers consider $2 billion in tax, fee hikes. The Minnesota Legislature is closing in on a tax package that could combine roughly $3 billion in tax cuts with $2 billion in tax increases. If those numbers remain unchanged, they would make for a net cut of $1 billion. But that doesn’t tell the whole story. The ultimate mix could greatly shift who pays more and who benefits from targeted tax cuts and increases. So why pass any increases in light of a nearly $18 billion budget surplus? For starters, about two thirds of the surplus is one-time money. The ...