The Minnesota Legislature is headed for another battle over tax increases as lawmakers work toward what they hope will be a deal on the next two-year state budget. The plan House Democrats unveiled Tuesday will rely on a top-bracket income tax increase:
“Big corporations and the richest Minnesotans have seen their wealth soar, while so many others have struggled worse than ever.”
…says House Democratic Majority Leader Ryan Winkler. Senate Republican Majority Leader Paul Gazelka responds they’ve told Governor Tim Walz, and are now telling his allies in the House, no tax increases:
“1.6-billion-dollar surplus, and then billions and billions and billions of money is coming from the federal government. So now is not the time to raise taxes.”
Lawmakers must pass a budget by the mid-May adjournment deadline or a special session will be necessary.