SAINT PAUL, MN – Gov. Tim Walz released his $52 billion budget proposal for the 2021-2022 biennium on Tuesday. His plan includes a 15% tax increase on businesses and a 10% hike on Minnesota’s top tax bracket. The proposal only calls for $150 million in cuts, or about 0.3% of the overall budget.
Rep. Peggy Scott, R-Andover, released the following statement in reaction to the Governor’s proposed budget:
“We need to make Minnesota an affordable place for all to live and work. Raising taxes on businesses and individuals does the opposite of that. Gov. Walz’s budget would only slow the economic recovery that is needed following the recession that was created by his shutdown orders.
“Just as our families tightened their budgets over the past year, our government needs to do the same. We need to rein in spending and use our state’s budget reserves in order to close the deficit without inflicting more damage on Minnesota’s families and businesses.”