“We just want them to know that that bill is going to be dead on arrival because we believe that we need to see some tax cuts tied to that,” Senate Minority Leader Mark Johnson told reporters Monday.
While House and Senate Republicans are in the minority in the state Legislature, their tax plan has some crossover with Gov. Tim Walz's budget proposals.
The bill brings Minnesota’s tax code into alignment with the federal code, which underwent several changes in recent years as Congress passed pandemic-relief bills.
The reality of DFL control of state government became immediately apparent after Election Day, but what exactly can we expect lawmakers and the governor to do in the coming months?
Minnesota is among a group of states that have not conformed their codes to a federal law exempting student loan debt forgiveness from taxes. Changing that has bipartisan backing, but any action will likely have to wait until January when lawmakers return to the capitol in St. Paul for the regular session.
A DFL-backed tax proposal would provide day care write-offs, property tax cuts, and student loan credits, though it is a substantially smaller cut than a proposal approved by the Republican-controlled Senate in early April. But its sponsor said it seeks to provide relief to those who need it the most.
Trump was the first president in 40 years not to release his tax returns as he aimed to keep secret the details of his wealth and the activities of his family company, the Trump Organization.
