For more information contact: Ted Modrich 651-296-5809
(ST. PAUL) — Today, Democrats in the Minnesota House of Representatives attempted to advance a minority report to HF 2083 (Garofalo), a bill that would drain Minnesota’s budget reserves to partially pay back the $2.4 billion owed to school kids in Minnesota. The DFL plan would have closed corporate loopholes that let businesses hide money overseas and used that money to fully pay back the IOU to Minnesota’s kids.
Republicans refused to vote on the DFL plan and tabled it on a party-line vote.
State Representative Ryan Winkler (DFL – Golden Valley) is the chief author of the “Pay Back Our Kids Act," (HF 2480) which would close corporate loopholes to pay back kids.
Rep. Winkler released the following statement:
“In 2011, the Republican majority chose corporate specials interests and the richest Minnesotans over Minnesota kids. They shut down the government to pass a budget that borrowed $2.4 billion from Minnesota kids.
“Republicans show no signs of slowing down now. Again today, the GOP has placed corporations, special interests, and the richest few above our children. The Republican crusade to protect big corporations at the expense of our children and their schools must stop.
“It’s time to finally do the right thing and stop with the election year games. We need to close these corporate tax loopholes and pay back the entire IOU we owe our children.”