IN CASE YOU MISSED IT
“Eliminating tax deductions that benefit 900,000 Minnesotans should be a non-starter for Reps. Lewis and Paulsen, but they continue to put Speaker Ryan’s harmful agenda first,” said DCCC Spokeswoman Rachel Irwin. “As a key architect of this tax plan, Rep. Paulsen should fight to preserve key tax breaks for the middle class, instead of shepherding through a plan that slams them. It’s clear as day that Congressmen Paulsen and Lewis are looking out for big corporations and the very wealthy in our country, rather than the people who sent them to Washington.”
Dayton says GOP tax plan would cut deductions for 900K Minnesotans | Star Tribune
By Erin Golden
October 31, 2017
http://m.startribune.com/dayton-says-gop-tax-plan-would-cut-deductions-for-900-000-minnesotans/454120263/?section=/
Gov. Mark Dayton on Monday harshly criticized the federal tax cuts being championed by President Donald Trump and Republicans in Congress, arguing they would undermine the nation’s financial stability and also hurt many Minnesotans at tax time.
The DFL governor called a morning news conference to blast the GOP plan still in the works in Washington — particularly a proposed elimination of the federal deduction for income, sales and property taxes. Dayton said about 900,000 Minnesota families take advantage of those deductions, and that those families would stand to lose an average of $12,000 in deductions when they file taxes.
That adds up to about $12 billion for taxpayers across the state. Over the weekend, the GOP congressman writing the tax bill said the local property tax deduction wouldn’t be scrapped after all; U.S. House Republicans planned to unveil their full tax proposal this week.
Nevertheless, Dayton called the prospect of sweeping federal tax cuts “a short-term giveaway that will whet people’s appetites … [that] will undermine the fiscal stability of our nation and state’s well-being.”
Dayton said he would write to the state’s three Republicans in Congress urging them to oppose any changes to federal deductions. Reps. Erik Paulsen, Tom Emmer and Jason Lewis last week voted with most of their fellow Republicans in favor of a budget resolution that paved the way for the party to move quickly in the coming weeks on the tax bill.
Dayton noted Monday that more than a third of residents in the districts of those three congressmen benefit from federal deductions on state taxes. He called the proposal in its totality “shamefully biased against lower- and middle-class families,” and predicted that large tax cuts would harm the U.S. economy.
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