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GOP-Backed Tax Bill Passes House Committee

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(credit: Jupiter Images)

(credit: Jupiter Images)

ST. PAUL, Minn. (AP) — A House panel has passed a Republican-backed tax bill that would cut income taxes for Minnesotans, but could lead to property tax increases.

The Minnesota House Taxes Committee passed the bill Saturday.

It would lower income tax rates on low- and middle-income Minnesotans, but it also reduces state aid to Minneapolis, St. Paul and Duluth.

Democratic Gov. Mark Dayton has criticized the proposal. He’s calling for an income tax hike on top earners.

Lawmakers in both chambers are facing an internal deadline of next Friday to finish bills for all areas of the state budget. The state faces a $5 billion budget deficit.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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