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SENATE DEMOCRATS WORKING ON ALMOST $1 BILLION TAX INCREASE; MCCLUNG: “THIS STATE IS NOT GOING TO HAVE THE HIGHEST TAX RATE IN THE COUNTRY”
By Michael B. Brodkorb | March 29, 2007
"Senate DFLers are working on a nearly $1 billion income tax increase proposal that could wind up boosting most Minnesotans' income taxes to pay primarily for education spending.
Senate Taxes Chairman Tom Bakk, DFL-Cook, said Wednesday that the caucus was 'about evenly split' between two income tax plans and was supposed to make a choice today, with a final vote by the full Senate due as early as Saturday as part of an education funding bill." Source: Star Tribune, March 29, 2007
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"[Senator Thomas] Bakk said Minnesotans would find that an across-the-board tax increase was 'not that scary,' once the numbers came out. A family making $50,000 a year, he said, 'would probably be looking at a $30 or $40 increase a year. They'd get that back many times over in property tax relief and better schools.'
The 2000 income tax cuts produced fairly modest relief for middle-income taxpayers, with taxes dropping about $50 a year for those making $50,000. At $500,000, income taxes dropped by nearly $1,400.
But Brian McClung, Gov. Tim Pawlenty's spokesman, said that's not the only consideration. The proposed increases, he said, are piling up in every direction: gasoline tax, sales tax, income tax.
'This state is not going to have the highest tax rate in the country,' McClung said. 'It's not going to have an across-the-board tax increase. If there's anything that's been clear, it's that the governor does not support massive tax hikes when we have a surplus.'
DFLers, McClung said, have 'added a dessert wing to the all-you-can-eat buffet. It's not happening. The governor will veto it.'" Source: Star Tribune, March 29, 2007
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Topics: Uncategorized | 3 Comments »
March 29th, 2007 at 10:01 am
The goal of the democrats in this state must be to drive off all businesses and everyone who pays taxes, leaving only a DFL legislature and homeless people as residents.
What a utopia indeed.
I sent a letter to my house rep the other day asking why, after he campaigned as a fiscal conservative, he’s going back on his word and supporting every possible tax increase in the world. He said it’s for the children of MN.
The “children of MN” will never have enough of my money. And I’m getting really tired of it. VOUCHERS, BABY!!!
March 29th, 2007 at 11:32 am
Increase income tax to give property tax relief. Only in Dem world does this make a lick of sense.
‘They’d get that back many times over in property tax relief and better schools.’
If you give me one dollar today I’ll give you two tomorrow! See? It’s free money!
If some one came up to you on the street with that offer you’d call the cops.
March 30th, 2007 at 12:27 am
More tax whining by the wallet-polishers.