New Minnesota Tax Proposal

19Mar09

Heard about the new state income tax proposal by Rep. Ann Lenczewski (DFL–Bloomington). She suggests eliminating the current credits for day care and subtractions for education expenses and a cap on the mortgage interest credit at $420. The Strib quotes her, “Credits are back-door spending that favor those at the higher level.” Rep. Lenczewski also touts the benefits of a simplified tax system.

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