Taxes May Increase by 1.5 Billion Dollars If We Do Not Change MN’s Tax Code

The Minnesota Department of Revenue estimates that if Minnesota does not change its tax laws to reflect the new federal tax code, we will see our taxes increase by nearly $1.5 billion dollars over the next couple of years.   This is unacceptable.  The Minnesota tax code must be addressed this term. The new federal tax code decreases people’s taxes, but we will not realize the benefits of those changes if Minnesota’s tax rates remain unchanged.  Depending on the source, Minnesota is currently between the 2nd and 5th highest taxed state in the country.  We can not afford additional increases.  The Minnesota Legislature needs to fully understand all the impacts the federal changes will have on Minnesota taxpayers.  Lawmakers expect to spend much of the session working on tax issues.  I am Jeremy Munson, and I am asking for your vote on Monday, Feb. 12th, so I can start working on our tax problem immediately.  As a self employed business consultant, I spend a lot of my time helping other companies comply with regulations, and at the same time, become more effective and efficient.  I want to use my skills to help this state work through the effects of the new tax code.  We can not afford to pay additional taxes in this state.  We need to lower our taxes, not increase them.

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