Walz tax cut for 1 million families doesn t reach lowest earners Some Republicans quickly derided the small amount, with House Minority Leader Kurt Daudt calling it a talking point, that s not a tax cut. February 13, 2021 6:17pm Text size Copy shortlink:
More than 1 million households would see a tax cut albeit a small one under the piece of Gov. Tim Walz s tax plan that would directly affect the most Minnesotans.
When the Democratic governor debuted his budget for the next two years, he presented the expansion of the state s first-tier income tax bracket as a way to help vulnerable Minnesotans financially weather the pandemic. But that proposal would not cut taxes for the state s lowest-income residents, who are already taxed at the lowest rate. And the million families that do benefit would get, on average, an annual tax break of $36.
Unemployment benefits pumped an estimated $9 5 billion into state s economy in 2020 southernminn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southernminn.com Daily Mail and Mail on Sunday newspapers.