Accessibility menu
State Representative Debra Kiel
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-5091
For more information contact: House GOP Communications 651-296-5520
POST SESSION UPDATE
News From Representative Kiel
The Governor and Republican leadership continue to try and meet to work out a budget deal before the government would shut down on July 1st.
Governor Dayton’s plan to tax the top 2 percent may seem like an easy thing to do, especially if you do not reach that income tax bracket. But according to the Minnesota Department of Revenue, and folks in his own administration the top 2 percent are not the only Minnesotans affected by the governor’s proposed tax increase.
Here are some excerpts from the Tax Incidence study on the governor’s tax plan done by the Department of Revenue.
“Roughly half of the net corporate tax change would have its initial impact on manufacturing and some of the burden would be borne on higher prices, and some in lower wages.
The tax burden on Minnesota consumers is assumed to rise by $16 million (85%) of the net $19 million in tax.
Although the proposal would increase the burden of Minnesota state and local taxes by $661 million, it would increase the total burden of federal plus Minnesota state and local tax burdens by $485 million.”
The bottom line is that although the governor says he only wants to tax the top 2 percent of wage earners, it’s simply not true; everyone will pay more in taxes.
You will be paying more to the government through sales tax, costs that are handed down to the consumer and the like.
Creating a business friendly climate in Minnesota begins with making it easier for our job creators to stay here. By improving the health of our own businesses we can make Minnesota an attractive place for more businesses and provide for more competition; that is what will grow our economy.
So when you hear that only the top 2 percent will be taxed, don’t believe it, because Governor Dayton’s administration doesn’t either.
Governor Dayton’s plan to grow government simply will not put a stop to expanding government and bloated state programs. It is time for us to reform government and not spend more than we have in the checkbook.
Sincerely,
Deb
News Items
- 2013 Legislative Session Kicks Off - (Posted: Jan 9 2013 10:11AM)
- News form Representative Kiel - (Posted: 2012-05-25 00:00:00)
- News from Representative Kiel - (Posted: 2012-05-08 00:00:00)
- Archived News Items
- Subscribe to RSS News Feeds
- Read more about RSS.