Tax-and-Spend Democrats are on a mission to drive every job-creator and business-owner out of the state. In their latest budget proposal, they tack on excess taxes and fees to ensure they do that very thing. Among their newest proposals is a 5th income tax bracket.
As it currently stands, the highest tax rate in Minnesota is 9.85% for individuals making upwards of $183,340 a year. Under Rep. Kaohly Vang Her’s proposal, a fifth income tax bracket would be created and tax individuals 10.85% for an income over $600,000 a year.
Consider that Minnesotans of all incomes are already fleeing the state in record numbers. According to the US Census Bureau, 19,400 Minnesota residents left the state from 2021-2022.
Give these individuals (who have likely built and contributed to the local economy) reasons to leave, and they most certainly will. Minnesota’s immediate neighbors like Iowa and Wisconsin are much more friendly to taxpayers. South Dakota doesn’t even have an income tax!
When people leave our state, Democrats will just continue to raise taxes to make up for that lost income. Nevermind that Minnesota just brought in a record-shattering budget surplus. Democrats will still be inclined to raise taxes anyway!
If this passes, it will likely never be repealed. When Democrats introduced a 4th income tax bracket in 2012, Republicans failed to make a serious effort at repeal. The same is likely to be true with this 5th bracket.
That’s why you need to call your state senator and tell them to vote against any and all tax increases. It is the only chance we have to save our state. Find your state senator here.