Is Dayton thinking about revising income tax hike?

DFL Sen. Tom Bakk said today that Governor Dayton told him that Dayton was planning on revising who could be impacted on his income tax increase. Bakk, the DFL Senate Minority Leader, says Dayton told him he wanted to change his tax plan so fewer single filers would be taxed under his income tax hike. Dayton is proposing to increase income taxes on single filers who have an annual after tax income of $85,000 or more.

“He did indicate that he was going to do more on the income tax,” Bakk said. “He is not going to raise any more taxes than he absolutely has to to balance the budget.”

Dayton’s spokeswoman said it’s premature to talk specifics on what could change in Dayton’s budget plan. She said Dayton is waiting for the analysis from the Department of Revenue on the repricing of his tax plan.

This wouldn’t be the first time Dayton revises his budget plan. He dropped his income tax surcharge on those making more than $500,000 a year after the state’s projected budget deficit was lowered from $6.2 billion to $5.03 billion.

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