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Minnesota GOP: 'Taxes Are Too High,' Proposes Cuts
Senate Republicans seek tax relief amid a $3.7 billion budget surplus by proposing inflation-linked property tax caps and limits on tip and overtime tax deductions.
- At the Minnesota Capitol on March 2, the Senate Republicans introduced a tax-relief package targeting property tax caps and fee reductions.
- Friday's budget forecast showed a $3.7 billion surplus for 2026-27 and Medicaid programs savings of $75 million in the current biennium and $99 million in the next biennium.
- Under Housley's plan, deductions on tips and overtime would be capped at $25,000 and $12,500 respectively, with phaseouts at $150,000 and $300,000 income levels, costing nearly $1 billion according to the source.
- Sen. Michael Kreun proposed capping property-tax increases at inflation plus 50% population growth for cities over 2,500, while SF3669 from Sen. John Jasinski would restore pre-2023 license tab fees.
- But critics warn it remains unclear if the package will gain bipartisan support, with Senate Republicans in the minority and DFL critics arguing it mainly benefits a small share, raising equity concerns.
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Duluth News Tribune+12 Reposted by 12 other sources
Minnesota Senate Republicans release tax relief proposals
ST. PAUL — Senate Republicans are proposing property tax caps, no tax on tips and overtime, and lowering license tab fees as part of a “tax relief” package introduced Monday, March 2, at the state Capitol. A budget forecast on Friday showed improvements and more leeway for the state to potentially eat some costs from changes in taxes, with a $3.7 billion budget surplus to work with in 2026-27, and a $377 million surplus for 2028-29 that was once…
·Cherokee County, United States
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Improved economic forecast boosts chances for spending, tax cut proposals in Minnesota Legislature
A new Minnesota economic forecast will give state lawmakers more wiggle room this session as they weigh spending proposals and tax cuts. Leaders say they’ll move forward cautiously given plenty of uncertainty still in the air.
·Saint Paul, United States
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Total News Sources15
Leaning Left1Leaning Right7Center4Last UpdatedBias Distribution59% Right
Bias Distribution
- 59% of the sources lean Right
59% Right
C 33%
R 59%
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