A bill to increase taxes on top-income Minnesotans will likely clear a key committee later today (1pm debate start) in the Democrat-controlled Minnesota House:
The proposed legislation epitomizes deep differences between Democrats and Republicans, with about five-and-a-half weeks to the May 17th adjournment deadline for the regular session. If lawmakers haven’t passed a new state budget by then which Governor Tim Walz can sign, he’ll have to call them back to Saint Paul in late May or in June to avoid a state government shutdown on July 1st. House Democrats say wealthy Minnesotans and large corporations have done well during the pandemic and should pay their share to help families and small businesses who are struggling. Republicans respond tax increases — with billions of dollars available from a budget surplus and the federal government — are a recipe to choke off economic recovery.