![]() ![]() Here’s a closer look at some of the biggest pieces of Walz’s spending plan: Taxes “At this point, when you are increasing taxes, creating new government bureaucracy, growing government by 25 percent on the backs of Minnesotans, that’s not something we are willing to support,” said Senate Minority Leader Mark Johnson, R-East Grand Forks. Tim Walz’s budget plan at the Capitol in St. GOP leaders found little about the governor’s proposal they supported saying it was “too extreme.” Senate Minority Leader Mark Johnson, R-East Grand Forks, left, and House Minority Leader Lisa Demuth, R-Cold Spring, respond to Gov. “If we can’t cut taxes now, when can we?” “Minnesotans are looking for their money,” said House Minority Leader Lisa Demuth, R-Cold Spring, who noted a full repeal of Social Security taxes was missing but a new payroll tax for paid leave was included. They say Minnesotans want to completely end taxes on Social Security and see tax rates slashed. Republicans quickly characterized Walz’s plans as way too much new government spending and far too few tax reductions. ![]() “We also know that Minnesotans are tired of gridlock and inaction, and the Senate majority is looking forward to working with the governor and the House to get those priorities across the finish line,” Dziedzic said. Senate Majority Leader Kari Dziedzic, DFL-Minneapolis, agreed. “Our state is in a strong position to solve big challenges and address the needs of the people of Minnesota,” Hortman said. ![]() House Speaker Melissa Hortman, DFL-Brooklyn Park, said in a statement that Walz’s budget “reflects the values of Minnesotans” including strong schools, affordable health care and a fair economy. That means, if DFLers can hold together, Walz will likely get a lot of what he wants. The tax rebate checks would be worth as much as $1,000 per taxpayer or $2,600 per household and there also are plans to reduce, but not eliminate, state taxes on Social Security.ĭemocratic-Farmer-Labor Party members are in control of state government with a slim majority in the House and a one-seat margin in the Senate. That doesn’t include the one-time cost of roughly $4 billion worth of tax rebates and another $1.4 billion in ongoing tax credits that would permanently reduce state revenues. Under his proposal, the state’s two-year spending plan would grow from $52 billion in the current biennium to more than $65 billion, roughly a 25 percent increase. If all of the governor’s plans became law, about $1.3 billion of the current surplus would remain on the bottom line. Walz’s plans lean heavily on the state’s unprecedented $17.6 billion budget surplus that comes from a mix of unspent savings and higher-than-expected tax revenues. The Democratic governor’s plans include about $5.4 billion in tax cuts and $11.2 billion in new spending. 24, 2023, as his Cabinet members look on. Tim Walz presents his two-year budget proposal in St. “We value our children, we value our environment, we value our opportunity to be innovative and we value fairness in the things that we do.” Minnesota Gov. “In this budget, what you see is we value our people,” Walz said Tuesday at the state Department of Revenue. Walz touted the proposal, including “the largest tax cut in state history” with rebates and credits, while Republican leaders noted it was the largest increase in state spending in decades. Tim Walz released his two-year budget plan Tuesday that the Democrat said cuts taxes by $5.4 billion and increases spending by more than $11 billion on schools, housing, workforce, public safety and more. ![]()
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