Minnesota Taxes and Tax Plans

State tax policy that prioritizes everyday Minnesotans can expand economic opportunity, build thriving communities, and strengthen our economic future. However, tax policy can also widen income, wealth, and racial inequality if it primarily benefits those who are already doing well in today's economy.

We analyze individual tax proposals and full tax plans from the governor and legislative bodies, as well as the tax system overall, emphasizing the impact on everyday Minnesotans, tax fairness, and the ability of the tax system to raise the revenues needed to sustainably fund public investments that keep us moving forward as a state.

Research

February 2012

Supermajority amendment is wrong for Minnesota

This issue brief provides an overview of the proposed supermajority amendment's mechanics and reasons it is wrong for Minnesota. A supermajority requirement would lead to more government gridlock, encourage budget gimmicks, create pressure to increase other revenue sources, impede tax reform, and threaten the state's credit rating.

January 2012

Constitutional budget limits would put Minnesota's future at risk

Amending the Minnesota Constitution to limit lawmakers' ability to use available resources or decide the size of the state budget would endanger the state's economic future. Three proposed constitutional amendments would limit lawmakers' ability to respond to changing circumstances and needs. They would result in legislative gridlock and more budget gimmicks, ultimately putting the state's future at risk.

August 2011

2011 budget decisions will undermine current recovery and hurt state's long-term economic success

After a nearly three-week government shutdown, Governor Dayton and the Legislature finally agreed to a budget for the state's FY 2012-13 biennium. The agreement delays $2.2 billion in payments to school districts, borrows $640 million through tobacco bonds, and reduces funding for vital public services by more than $2 billion. This analysis examines the impact of these decisions on K-12 education, health and human services, higher education, jobs and economic development, public safety, transportation, and taxes.

June 2011

A tale of two visions: Comparing Governor Dayton's and the Legislature's FY 2012-13 budgets

During the 2011 Legislative Session, Governor Dayton and the Legislature put forward two very different plans for the state's next two-year budget. Governor Dayton has proposed a balanced approach that combines spending cuts and revenue increases, while the Legislature's budget relies heavily on deep cuts to services. This analysis compares the details of the two plans for K-12 education, health and human services, higher education, jobs and economic development, public safety, transportation, and taxes.

1 2 3 4 5 6 7 8 9 10 ...

Taxes and Tax Plans Blog Posts

March 29, 2023

House Property Tax Division bill includes transformational changes to the Renters’ Credit

One of the highlights of last year’s tax discussion is moving forward again this session: a game-changing proposal to...

March 23, 2023

Early agreement on state budget targets outline use of the surplus

On Tuesday, the Minnesota House and Senate leadership and Governor Tim Walz released joint budget targets that lay out ...

February 01, 2023

Governor Walz releases FY 2024-25 budget priorities

In his proposal for the two-year FY 2024-25 budget cycle, Governor Tim Walz proposes $11.2 billion in additional funding for public services, with the largest amount of new dollars going toward education, economic development, and health and human services. He also proposes $5.4 billion in tax reductions in FY 2024-25, with the biggest component being a one-time tax rebate. Read more in our blog.

January 25, 2023

Child poverty declines sharply thanks to federal Child Tax Credit expansion

Thanks in part to improvements policymakers made to the federal Child Tax Credit (CTC), recent U.S. Census data show that from 2019 to 2021, child poverty fell a remarkable 59 percent. Minnesota policymakers should build on that success and create a state Child Tax Credit.

More Taxes and Tax Plans Blogs