Senate bill would raise nearly all income taxes
Most Minnesotans' income taxes would rise under Senate Democrats' solution to the state budget deficit.
Combined with budget cuts and the use of federal economic stimulus money, the $2.2 billion tax increase would help fill what otherwise would be a $6.4 billion deficit in the two-year budget beginning July 1.
The tax plan unveiled Tuesday would raise taxes on all but 15.5 percent of Minnesota's 2 million taxpayers, Senate Tax Chairman Tom Bakk, DFL-Cook, said.
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