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2013 Tax Bill: Progress on Revenue, Tax Fairness
Yesterday—after nearly five months of proposing, debating, deliberating, and compromising—the House and Senate passed the 2013 omnibus tax bill. While certainly not perfect, the tax bill made real strides toward revenue adequacy, budget stability, and tax fairness. The centerpiece of the 2013 omnibus tax bill is the new fourth tier income tax bracket, which will affect the top two percent of Minnesota income tax filers by income. After intense deliberations last week, House and Senate tax negotiators ultimately settled on the income tax plan proposed by Governor Dayton, which would increase the income tax rate from 7.85% to 9.85% on…
Tuesday Talk: How did policymakers win? How did policymakers weasel out?
Minnesota 2020 warned progressives and policymakers not to overreach this legislative session. Overcoming a decade of disinvestment and divisive policy would take a couple of legislative sessions. That’s pretty much what happened. This session brought Minnesota a greater degree of tax fairness, reinvested in education and communities, and brought wider health care access via a state exchange. Still, there’s a lot of work left. Lawmakers didn’t pass anti-bullying legislation, the environmental bill is underwhelming at best. What are this session’s winning policy outcomes; and where did policy leaders weasel out?
