Fiscal responsibility

Minnesota Senate Tax Bill: Chair Rest Stands Firm Against Tax Increases

by

Amid Minnesota‘s legislative session, the Minnesota Senate Tax Chair, Ann Rest, remains resolute in her stance against new taxes, Minnesota Senate Tax Bill. With the state’s surplus projected at $2.4 billion, Rest’s “no new taxes” declaration signals a tight fiscal landscape for the majority of Democrats. Rest’s Firm Stand Rest’s unwavering stance comes at a … Read more

Challenges Ahead as State Expenditure Growth Encounters Resistance from Rising Spending

by

In the previous three years, almost every U.S. state has reduced broad-based taxes, according to an Associated Press piece titled ‘State tax lowering trend faces challenges from dwindling revenues and tighter budgets’ Income, sales, property, and gas taxes were reduced permanently, rebated, or suspended. Minnesota’s Recent Tax Changes: A Closer Look at Welfare Spending and … Read more