Minn. senate looks to boost economy with tax cuts

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The Minnesota senate supported a GOP plan to cut taxes on an assortment of tax breaks.
Republicans in the senate voted to reduce property taxes on businesses and grant tax relief for married couples, which will result in a total of $100 million in lost tax revenue according to Marshall Independent.
The GOP considers these tax cuts to be the best way to stimulate the economy and create jobs.
The Star Tribune reports that the bill is the source of conflict between republican's and governor Mark Dayton, with the lost revenue forcing Dayton and his administration to resort to digging into budget reserves.
Dayton also wants to focus on repaying public schools $2 billion the state owes, the Star Tribune reported.

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This page contains a single entry by wait0065 published on April 1, 2012 7:51 PM.

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