The Free Press, Mankato, MN

State, national news

February 27, 2014

Minnesota House Democrats push $500M in tax cuts

Dayton on board with plan to repeal business taxes

ST. PAUL, Minn. (AP) — Democrats who control the Minnesota House have started moving a package of middle income tax cuts and repeal of some business taxes passed last session.

The House Tax Committee is set to vote on it Thursday. Speaker Paul Thissen says the bill, which totals about $500 million in tax relief, could be up for a full House vote as early as next week.

The bill provides $200 million in middle class-targeted tax cuts by conforming state tax code to federal changes. It repeals three sales tax hikes on businesses that lawmakers passed last year.

Democratic Gov. Mark Dayton is on board with the tax cuts and repeal and has asked for a bill by March 14. But Senate Democrats have been more reluctant to sign on.

1
Text Only | Photo Reprints
State, national news