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This year it’s not a matter of if there will be tax cuts for Minnesotans; the only question is by how much. Lawmakers are busy coming up with ways to use the state’s billion-dollar-plus surplus. Minnesota’s economy this election year is generating the kinds of jobs and tax revenues not seen in years.
The Minnesota House has given overwhelming approval to a $500 million package of tax cuts and repeals. Thursday’s 126-2 vote comes just more than a week into the legislative session. The bill heads to the Senate, where leaders haven’t publicly embraced the plan.
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A $500 million package containing middle-income tax cuts and the repeal of some business taxes is zooming through the Minnesota House. Only three days into their session, House Tax Committee members approved the plan Thursday.
As they open their legislative sessions, politicians in many states are facing a pleasant election-year challenge: What to do with all the extra money? A slow but steady economic recovery is generating more tax revenue than many states had anticipated.
Gov. Mark Dayton is asking Minnesota’s wealthiest citizens to pay more than a billion dollars in new income taxes in order to boost state funding for schools and colleges by nearly $640 million.
Gov. Mark Dayton on Thursday set up the clear-cut tax debate his aides say he’s always craved, demanding that Minnesota’s best-off residents pay higher income taxes to boost spending on education and other services.
After weeks of widespread criticism, Governor Mark Dayton abandoned a controversial sales tax plan that included a new tax on business services.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.
Obama’s latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.
Minnesota Senate Republicans are pressing to get rid of a business property tax by the middle of next decade and give scattered tax breaks to married couples, military veterans and investors.
Jobless benefits will run out for 2 million people during the holiday season unless they are renewed by a Congress that’s focusing more attention on a quarrel over preserving tax cuts for people making more than $200,000 a year.