This year, policymakers are considering transformational changes and long-overdue investments to make Minnesota a state where all can thrive. That… Continue reading 2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
Tag: Social Security exemption
Minnesota should continue targeted approach to Social Security income tax exemption
In the debate about whether Minnesota should change its tax treatment of Social Security benefits, we’ve sought to draw attention… Continue reading Minnesota should continue targeted approach to Social Security income tax exemption
January economic update affirms state has resources to invest in everyday Minnesotans
The state of Minnesota’s revenue picture continues to improve, and the national economic recovery is expected to be a little… Continue reading January economic update affirms state has resources to invest in everyday Minnesotans
Governor Walz releases FY 2024-25 budget priorities
The Walz administration’s recently released budget proposal names as their priorities making Minnesota the best state for children, investing in… Continue reading Governor Walz releases FY 2024-25 budget priorities
Child poverty declines sharply thanks to federal Child Tax Credit expansion
The improvements that policymakers made to the federal Child Tax Credit (CTC) was one of the contributing factors to a… Continue reading Child poverty declines sharply thanks to federal Child Tax Credit expansion
Another historic surplus yields opportunity for transformational investments
The State of Minnesota is projected to have dramatically more resources than previously expected, according to the November 2022 Budget… Continue reading Another historic surplus yields opportunity for transformational investments
A closer look at the 2022 tax agreement
Minnesota’s 2022 Legislative Session ended on May 23 with much unfinished business, including a tax agreement reached by the House and Senate conference committee that was not enacted into law. This agreement reflected the two different philosophies that the Republican majority in the Minnesota Senate and the Democratic majority in the Minnesota House brought into those negotiations.