$1 billion tax bill passes House along party lines
By Paul Demko |
05.08.09 | 8:24 pm
The Minnesota House passed a $1 billion tax bill this evening by a 86-45 margin. All Democrats backed the measure, while every Republican opposed it. The bill would increase revenues in three ways: a new top income tax bracket for Minnesota’s wealthiest citizens, an increase in taxes on alcohol and a surcharge applied to credit card companies that levy interest rates higher than 15 percent. The $1 billion package was hashed out by legislators in a conference committee late last night.
