MN Gov. Dayton Critical Of GOP Tax Cuts
March 14, 2011, 1:13 PM
ST. PAUL, MN -
Minnesota House Republicans have outlined a series of income tax cuts, which Democratic Gov. Mark Dayton says would disproportionately benefit top earners.
The House plan would lower two of Minnesota's three tax rates by a faction of a percent each, phasing the reductions in over three years. Because those in the top tax bracket pay a portion of their taxes based on the lower two rates, they would see tax breaks, too.
A Revenue Department analysis suggests the average filer would see a tax cut of $64 in the first year. But those with incomes above $100,000 would see burdens fall by $100 to $200. That's consistent with an analysis by House researchers.
Dayton says any tax cut would require additional state spending cuts because of Minnesota's $5 billion deficit.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
8/18/2014 11:35 AM
Sioux Falls Police have ticketed a 26-year-old driver for her involvement in a deadly bicycle crash last month.
8/19/2014 11:13 AM
A Sioux Falls day care provider faces charges after a child in her care was hospitalized.
8/13/2014 6:00 PM
We are learning more disturbing details about the former Walworth County State's Attorney, who's charged with raping three young children.
8/17/2014 11:30 AM
Authorities say a 23-year-old Illinois man who was reported missing in early August was found dead in the Black Hills National Forest.
8/14/2014 1:25 PM
Susan Schneider, wife of Robin Williams, says the late actor was in the early stages of Parkinson's Disease, along with battling depression and an...