Posted on 05/04/2013 3:49:27 PM PDT by rhema
Recent events at the Capitol make clear that we Minnesotans are on track for one of the biggest tax increases in recent state history.
But suppose you could wave a magic wand and erase our budget deficit, pay off the $801 million left from the school shift, actually have a surplus — and do it all without raising taxes. There’d be dancing in the streets, right?
Well, our legislators could do precisely that right now. They would simply need to freeze spending for the next biennium at current levels — about $35 billion — and we wouldn’t need a dime in new taxes.
Fellow Minnesotans, our state doesn’t have a revenue problem — we have a spending problem. Our budget train wreck stems from the fact that our current one-party government wants to boost spending for 2014-15 by about 10 percent.
Opponents joke that legislators are trying to solve a $627 million deficit problem with a $2.5 billion tax increase. (The deficit arises from autopilot spending increases included in state budget projections.) And we might not have a deficit at all if our budget process required lawmakers to review program effectiveness instead of automatically bumping up spending at the start of a new biennium.
As it is, taxes are going up big-time. And it won’t just be the rich who pay.
Current proposals from DFL lawmakers add a fourth income tax bracket, boosting taxes on incomes as low as $80,000 for a single filer and tacking a surcharge on the wealthy that would make our top rate one of the highest in the nation.
(Excerpt) Read more at startribune.com ...
from the country’s 4th largest legislature come the 1st highest taxes.
we sure have a lot of blood sucking parasites per capita.
No Hope of Change.
What ever has happened to my beloved home state? Left there 35 years ago. You are letting the muslims take control—dump Ellisen..WAKE UP!
BTTT
‘swhy we took our Yankee money and went south.
Appears to be a severe case of Progressive STDs!
Wasn’t the DFL so bad that even the commies kicked them out year ago?
Minnesota having the “world’s best workforce”? What a joke! The state is a work ethic free zone.
It was the other way around. When the Democratic Party merged with the Farmer Labor Party, the latter brought over a number of Commies. Old Hubert Humphrey chased the Commies out. But don’t tell that to a moonbat.
forgot to add about the Commies - they’re baaaaack!
They tossed out a GOP legislature, this is what they get.
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