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Apr 4 • 5 tweets • 3 min read
Here is the House DFL tax bill #mnleg house.leg.state.mn.us/comm/docs/-Aii…
And the House research fiscal analysis house.leg.state.mn.us/comm/docs/6Yy8…

Bill summary house.leg.state.mn.us/comm/docs/7eNA…
I don't see that @GovTimWalz's rebate/direct check proposal made it into the bill (point it out if I missed it), but there is a rebate-style giveback with a far lower eligibility cap than Walz recommended and an adjusted dependent care credit among the income tax items.
There's also a "polar vortex" tax credit in the bill.
Another thing of note (in a 265 page bill there are probably a lot of things to note), the House bill would convert the current renter's property tax credit to an income tax credit, thereby getting it to more people. Many of those eligible now don't ever apply.

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More from @Stowydad

Brian Bakst Profile picture
Apr 4
The Senate GOP tax bill has been posted #mnleg senate.mn/committees/202…
The bill would cut taxes by $3.38B in this budget and $5B in the next two-year budget. #mnleg senate.mn/committees/202…
A distributional analysis over who would see what reductions under the Senate tax bill.

Two main provisions are:
-A lowering of the bottom rate 5.35% to 2.8% (all taxpayers pay that on first segment of income)
-100% exemption of Social Security income.
senate.mn/committees/202…
Read 5 tweets
Brian Bakst Profile picture
Feb 28
FORECAST thread here:

The state's three major tax categories are all up over the prior forecast

Income (people making more)
Sales (people spending more/items cost more)
Corporate (businesses doing well) Image
Spending is down.

Education (fewer students enrolled in public schools than expected)
Health care (fewer in subsidized programs/more costs shifted to other types of accounts) Image
Risks linger

Inflation
War
Interest rates ImageImage
Read 6 tweets
Brian Bakst Profile picture
Dec 6, 2021
A new budget forecast is out Tuesday from @MMBCommunicates with a broad expectation it will show a healthy surplus, or projected positive balance in MMB-speak.

But there are some considerable caveats with this report ... 1/7
The November forecast (almost always published in December) has some automatic carveouts that, by law, will take money off the table before #mnleg even has a chance to weigh in. 2/7
Not even halfway into the fiscal year and a two-year budget that stretches into mid-2023, revenue was already almost $750 million ahead of projections. We know less about the spending pressures over those months but will know more after Tuesday. 3/7
Read 9 tweets
Brian Bakst Profile picture
Sep 14, 2021
The Draft Kendall Qualls committee now has its web site and its first video ad push draftkendall.com

@kentkaiser says a "significant amount of money" already raised or pledged. He wouldn't say how much.

FWIW, Kaiser insists he hasn't spoken to Qualls about it.
In a brief phone call Monday, @KendallQuallsMN said he's honored by the "good-natured talk" about a #mngov run. He declined to lay out a decision timetable.

"I haven’t even gotten to the point where I even know if there is a door to close because I’m not trying to frame one.”
I asked Qualls if he knew anybody involved or anything about it: "I haven't. To be honest with you I haven't seen anything. I don't know if there's anything to ask about."

Asked if he had any association with it: "None."
Read 4 tweets
Brian Bakst Profile picture
Sep 13, 2021
NEW: A Ramsey County judge has suspended Minnesota’s new law that changed the standard for peace officers when defending use of deadly force. The old law is reinstated until the lawsuit can be fully resolved.
Judge Leonardo Castro says the police groups who sued have both standing and reason to sue now.
“Plaintiffs need not wait for one of its members to be charged with a homicide crime before the question of the constitutionality of the provision plaintiffs challenged is answered.”
The judge says he will fast track further proceedings in the case and hold a hearing within two months.

He says after that he will reach a determination on if the law is unconstitutional and if so what to do about it to have some standard in place.
Read 4 tweets
Brian Bakst Profile picture
Sep 8, 2021
Paul Gazelka makes 7 on the GOP side of #mngov race
Quick takeaways:
-Gazelka leaned hard into spirituality
-He framed himself as a "conservative candidate with a track record" and a "collaborator"
-He says he'll abide by GOP endorsement
-He signaled support for new Texas abortion law
-He says D Sen Bakk may run as R, back him
Multiple Democratic group statements out of the gate targeting Gazelka on the pandemic (a Nov. party where a #mnleg colleague contracted a fatal COVID case) as well as his policy stances on health care, voting rights, guns and gay rights.
Read 4 tweets

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