The following article by J. Patrick Coolican was posted on the Star Tribune website March 26, 2018:
The tax plan Dayton recently outlined would cut taxes for most income tax filers while raising them on many businesses. Republicans, particularly in the state Senate, have offered a blistering response.
Gov. Mark Dayton took on a nearly impossible mission with his new tax proposal: Prevent a state tax increase for Minnesota families due to provisions in the federal tax overhaul that became law last year without busting the state budget. And keep it fairly simple so it doesn’t become a bonanza for accountants and tax lawyers.
The tax plan Dayton recently outlined would cut taxes for most income tax filers while raising them on many businesses. It seeks to achieve the two-term DFL governor’s long-standing policy goals of a more progressive tax system, one that puts more tax burden on wealthier taxpayers while providing sufficient revenue for a host of spending priorities such as education and health care. Continue reading “Gov. Mark Dayton aims to limit tax increase on families; critics call it massive tax increase”