News

Minnesota governor downs 2nd GOP tax plan

Minnesota governor downs 2nd GOP tax plan Click to Enlarge Photo:

May 15, 2012 at 6:28 am

ST. PAUL, Minn. (AP) - A second attempt by Minnesota Republicans to craft a tax-cut bill has met the same fate as the first.
 
Democratic Gov. Mark Dayton vetoed the legislation Monday, days after the Legislature left town for the year.
 
The governor says sponsors of the bill didn't abide by his requirement that the cuts be paid for in future years and not add to a projected deficit. Dayton also took issue with the mix of tax breaks, saying businesses made out far better than homeowners.
 
State GOP Chairman Pat Shortidge says the bill would have helped Minnesota's economy grow and put people back to work.
 
In striking the bill down, Dayton had to sacrifice some of his own priorities. The bill contained a tax credit to encourage companies to hire unemployed veterans. It also would have boosted credits meant to spur investment in startup companies.

 

Leave a Comment

Current Weather

For Central Minnesota

Temp: 37°F (3°C)

Dewpoint: 33

Wind: 7 E

Weather: unknown, mist

Full Forecast | Live Radar

Community Calendar

Mon December 22, 2014

Calls to Santa...

Wed December 24, 2014

Christmas Eve Service...

Thu December 25, 2014

CHRISTMAS DAY MEAL...

Sat December 27, 2014

Rubys Pantry Ogilvie...

Sat December 27, 2014

Rubys Pantry Ogilvie...