Dayton Won’t Rule Out Blink-Off Tax In MN Budget
ST. PAUL, Minn. (AP) – Minnesota Gov. Mark Dayton says his proposal for higher income taxes might include a feature to have the increase blink off once budget conditions improve.
Dayton hinted at the temporary tax in his State of the State address on Wednesday. The Democratic governor outlines his budget plan next week and is keeping most details private until then.
Dayton ran on a pledge to increase taxes on the top 5 percent of income earners as the crux of his budget fix. Dayton hasn’t said what the new rate would be or at what income it would kick in.
Republicans who won majorities in the Legislature in the last election say they will oppose any efforts to raise taxes.
(Copyright 2011 by The Associated Press. All Rights Reserved.)