Three-fourths of new revenue is invested in E-12 education
SAINT PAUL, MINNESOTA – The House DFL Majority today announced a tax bill that would raise $1.2 billion in new revenue, largely by taxing corporations’ foreign profits, and invest it in education, health care, and safe and inclusive communities. The proposal comes as large corporations and the wealthy own increasing amounts of our economy, and destructive Republican budgets harm family economic security and limit opportunities for our children.
To download a fact sheet about the tax bill, click here.
To download a copy of the tax bill spreadsheet, click here.
To download a copy of the entire tax bill, click here.
“With this bill, we are leveling the playing field for working families, farmers, small businesses, and senior citizens,” said Rep. Paul Marquart (DFL-Dilworth), Chair of the House Tax Committee. “Democrats are making Minnesota’s tax system fairer, we’re bringing in new revenue to build a great future, and we’re providing real tax reform, including greater transparency and accountability. This bill is a winner for the taxpayer.” Continue reading “House DFL Majority Announces New Tax Bill”