Mark Dayton’s budget: three billion in new taxes.
Minnesotans who make toward $200K – dentists, middle managers, car salespeople, a few really good, hard-working waitstaff, fairly capable software developers, and above all, successful enterepreneurs – will be paying 10.95%. Over $500K ? An additional 3% “surcharge”, meaning top-flight lawyers, successful doctors, quite a few upper managers, and above all Minnesota’s most successful entrepreneurs and job creators – will be paying just shy of 14%.
All for the privilege of living in Minnesota.
Even California and New York are smarter than this.
You can not tax your way out of a recession. Government can not spend its way out of a recession; if it could, California and Illinois would be sitting pretty, and North Dakota would look like Michigan.
This budget should not be voted down in the Legislature. It should be killed with fire. Then voted down.
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