Dear Neighbors, This week’s economic forecast gave us some good news and helpful guidance about how the legislature can continue to make Minnesota a better place. A few takeaways: - Minnesota's economic outlook has improved and our budget surplus has grown. The balanced budget Democrats passed last year is working and our economy is getting better. The corporate special interests that told us the "sky would fall" have decisively been proven wrong.
- Minnesota’s economy is improving, but for most Minnesotans the everyday costs of housing, child care, and essentials are squeezing family budgets. Meanwhile, corporate profits continue to soar. We still have so much work to do to fight back against corporate greed and rebalance our economy so Minnesota workers and families are getting a fair shake.
- Last session, the legislature took direct action to ease the financial burden on Minnesota families - free school lunches, child care and housing assistance, middle class tax cuts - all will make a difference. This forecast underscores our need to continue down this path.
- If Republicans get the chance, they will hand the keys to our economy to corporate special interests. Their rhetoric makes clear they would roll back things like paid family and medical leave, and a multitude of other ways that Democrats have put people over corporate profits. We can't let that happen.
So with wind at our back, let's keep our foot on the gas to make more progress with and for Minnesota families. 2024 Tax ChangesBig reasons why Minnesota’s economy is currently on the right path are the tax laws we put in place last year. Minnesota’s tax system is the most equitable among US states, and several new credits, refunds, and exemptions are now available this tax season. |