The logic of the Republicans isn’t worth a dime. Literally.
The stalemate at the Capitol boils down to an argument about taxes.
True to his word, Democrat Gov. Mark Dayton originally proposed to raise income taxes on the wealthiest 2 percent of Minnesotans when he was elected. He wanted to raise the tax rate 5 percent on these rarefied earners.
But, also true to his word that he would compromise and work with the Republican-dominated Legislature, he shifted, now seeking around 2 percent from the wealthiest.
Republicans — padding the budget bills they passed with numbers from their own partisan staff — sent him budgets that preserved tax breaks for the super wealthy, but increased property taxes and gave cuts to places like Winona Health to the tune of $2.2 million.
The Dayton-backed plan would have required a dime more for the top wage earners on income made in the highest bracket.
Those dimes then add up to serious dollars. About $1.8 billion to be exact.
Republicans have conveniently forgotten to mention how low income taxes are from a historical perspective.
It’s not lying, but it’s certainly not telling the entire truth.
Instead, GOP politicians have trotted out the same tired red herring: If you tax the rich, the jobs will disappear.
For the past 10 to 15 years, we’ve reduced taxes on the rich both at the federal and state level. And jobs have disappeared.
That’s because the Republicans have done a masterful bait-and-switch job about taxes.
Dayton is talking about personal income tax.
Wealth is rarely created by personal income tax. Instead, it’s created by corporations and companies.
There is scant evidence to prove that raising the tax rate on the highest earners drives wealth away.
— Winona Daily News