Last week, when Gov. Pawlenty announced his 21st Century Tax Reform Commission to reform business taxes, in Massachusetts Governor Deval Patrick's quest to tighten corporate tax laws and reap hundreds of millions of dollars in new revenue might be undermined by a last-minute amendment providing new offshore tax breaks that was tacked onto the legislation by the House, according to state officials. I'm not going to prejudge the outcome of the Minn... Read More
How regressive are residential property taxes? Very. Way. Hugely. Households in the top 1 percent of incomes (those making more than $450,000) are projected by the 2007 Minnesota Tax Incidence Study to pay on average about 0.7 percent of their income in residential property taxes in 2009. A regressive tax means people who earn less would pay a higher percentage of their annual income in taxes, and that's exactly what we see with the residential p... Read More
Here's how a Star Tribune editorial framed House Tax Committee Chair Rep. Ann Lenczewski's business tax reform bill: Lenczewski's bill does what experts consistently urge. It eliminates a raft of special tax breaks in favor of a reduction in the corporate-tax rate paid by all Read More
Suppose you are in a working family, just barely getting by, in a state where Read More
Groups such as Minnesota Citizens for Tax Justice have been pointing to evidence since the mid-1980s that fair and progressive taxes do not necessarily hinder economic prosperity and growth. That argument is a central tenet here at Growth & Justice, and we've been a leader making the case for a more progressive tax structure in Minnesota since our founding five years ago. We're not territorial about this distinction or this issue and we're al... Read More
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