The House Tax bill was released this morning. The plan creates a new top income tax rate of 9 percent for couples who make more than $300,000 a year. Cigarette taxes would also go up 54 cents a pack and alcoholic drinks would be taxed at a rate of 3 to 5 cents per drink.
Here are links to the bill, spreadsheet and summary.
Here’s the powerpoint released by DFL Rep. Ann Lenczewski:
Powerpoint is dated so I’m scrapping view but providing link.
The Senate Tax bill will be released tomorrow.
About the blogger
Tom Scheck has covered politics and state government for more than ten years for MPR News. He’s covered several gubernatorial campaigns, two statewide recounts, the presidential bids of Tim Pawlenty and Michele Bachmann, U.S. Senate races, close Congressional contests and the Minnesota Legislature. He lives in Falcon Heights with his wife, son and dog. He can sometimes be found chasing a white ball on a golf course. It isn’t a straight walk. Tips are welcome at email@example.com