More Minnesota families would be eligible for the K-12 education tax credit…businesses and farmers could deduct large equipment purchases… and struggling businesses wouldn’t have to pay taxes as soon — under a 330-million-dollar bill the Republican-controlled Minnesota Senate passed today (Thurs). Saint Paul Democrat Richard Cohen warns spending money not directly related to COVID is “simply unwise” given the state’s financial situation:
“That budget reserve arguably is gonna be gone…. That means we have no money left to do anything for the rest of the year relative to the COVID crisis.”
Lino Lakes Republican Roger Chamberlain accused Democrats of…
…”Negativity. How about some optimism for a change? How about some hope out there for the people and the employees and the employers?”
Chamberlain says businesses badly need stability to have any hope of retaining workers and eventually rebuilding.