Dept of Revenue: MNGOP tax plan gives to the rich, takes from the poor
It’s not enough that the MNGOP wants to cut billions of dollars from Health and Human Services funding. It’s not enough that they’re pulling out all the stops to prevent the rich from paying their fair share. They’re actually trying to make our tax system even more regressive. Here’s what a Department of Revenue analysis of the House Republicans’ tax plan found:
Based on our analysis of HF42, the regressive nature of the local property tax increases and the reductions to renter property tax refunds will out-weigh the proposed income tax reductions resulting in a more regressive overall tax system. While HF42 proposes to phase-in reductions in the lower and middle income tax brackets, reductions for the wealthiest Minnesotans are substantially greater than for average Minnesotans [via MPR, emphasis added].
Yes, that’s right. Yet another Department of Revenue analysis that shows the MNGOP plan will increase property taxes. That property tax will be disproportionately aimed at poor renters, exactly the same group that will receive almost nothing from the income-tax reduction portion of the bill:

The analysis also concluded that “Average income tax relief under HF42 is 3 times greater for the top 20% than for the middle 20%and 60 times greater than for the bottom 20%” and “Nearly 47% of the total income tax relief will go to the wealthiest 20% of households” (you can read the whole analysis after the break).
This is absurd. The rich already don’t pay their fair share, and the MNGOP wants the poor to pony up for another tax break? Tax breaks for the rich don’t create jobs, they just make the rich richer. Hasn’t income inequality gotten bad enough?



