Posted on 05/11/2010 11:07:22 AM PDT by Son House
Gov. Tim Pawlenty has made good on a threat to veto a Democratic plan to repair Minnesota's budget because the bill includes a tax increase.
Pawlenty vetoed the bill on Tuesday, less than a day after the Legislature passed it with only Democratic votes. The bill would have created a new income tax bracket for some Minnesota residents who make more than six figures.
His letter accompanying the veto wasn't immediately available.
The legislation also contained spending cuts and payment deferrals similar to those proposed before by Pawlenty.
The veto leaves state leaders just days to fix a $2.9 billion deficit if they want to avoid a special session.
Yesterday;
Democrats Aim to Raise Income Taxes for Top Earners(Minnesota)
http://www.freerepublic.com/focus/f-news/2510656/posts
Democrats who run the Legislature are proposing new income taxes for the wealthiest Minnesotans to help erase a $2.9 billion deficit.
now Larry Pullmyfinger can act all shocked and outraged.
what assclowns the DumbForLife party are.
Thanks to the MN courts, he cannot use unallotment yet we are still required to have a balanced budget.
2000-2001: 13% 2002-2003: 15.4% 2004-2005: 7.3% 2006-2007: 8.4% 2008-2009: 13.6%
http://www.mmb.state.mn.us/doc/budget/report-spend/nov08.pdf
http://www.mmb.state.mn.us/doc/budget/report-pie/general-nov08.pdf
http://www.house.leg.state.mn.us/fiscal/files/06edcuts.pdf
First, the DFL should acknowledge its hypocritical role in making the system more regressive, which they have done by passing a raft of sales tax increases for light rail, baseball stadiums, zoos, bike trails, the arts, MPR and the like. The sales tax is very regressive and it only stands to reason that when you raise these taxes, the system becomes more regressive. DFLers are interested in protecting the poor from regressive taxes only when it means pounding the wealthy, which does nothing to help the poor except reduce the jobs and charitable services upon which they rely.
Property taxes are also regressive and the DFL has consistently opposed capping property taxes, which was the law in Minnesota for many years - known as "levy limits." In fact, Minnesota last session brought back limited levy limits and the DFL is right now working on legislation to remove that cap and let school districts and other local units of government raise property taxes without limit. The bottom line is that the successful in Minnesota are already bearing more than their fair share while 20% of Minnesota households don't pay income taxes at all. And don't forget about the corporate taxes here in Minnesota. (Minnesota is one of a shrinking number of states that have a corporate tax at all.)
Most states have realized that corporations don't pay corporate taxes. Instead, corporate taxes are paid by employees in the form of lower wages and benefits. They're paid by consumers in the form of higher prices. Finally, they're paid by investors who realize lower rates of return and smaller dividends. Most troubling, the study predicts that Minnesota's already sky-high and uncompetitive commercial and industrial property tax rate will increase 42% between 2006 and 2011. There is an increasing incentive for job providers to leave Minnesota. More business friendly states like North Dakota and Iowa are faring much better. And please spare the bombastic arrogance of denigrating the quality of life in those states compared to Minnesota. Heck, you may be moving there with your job soon enough!
Rotflmao!
I could care less. I hope this damned Liberal state shuts down, once and for all. Maybe we can sell it cheap to South Dakota.
Hmmmmm, East Dakota .......
Why not cut pay/benefits for state employees??? And start with yourselves, dem politicians!!
First, the DFL should acknowledge its hypocritical role in making the system more regressive, which they have done by passing a raft of sales tax increases for light rail, baseball stadiums, zoos, bike trails, the arts, MPR and the like.
MPR = Minnesota Public Radio?
They raised your taxes to provide more Garrison Keillor?
That is WHACKED! I’m sure nobody has enough cash left to take light rail to the new stadium for a Twins game.
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if Michael Moore ever goes on NutriSystem, that’s what he is gonna come out looking like
East Dakota...hmmm I LIKE it!
LMAO! You guys have me and the wife rolling on the floor. LMAO!
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