Minnesota Senate Democrats in their state budget outline unveiled today (Wed) focus on one-time spending instead of tax cuts — warning long-term cuts could throw the budget into deficit because the state’s economic growth is leveling off. House Republicans are talking about phasing out state income taxes on Social Security benefits, which top Senate Democrats warn is not fiscally responsible. Senate Majority Leader Tom Bakk says Republicans “continue to talk about all the things they’re gonna do in the tax area. Show me the money, because it just isn’t there.” Republicans say with a 900-million-dollar budget surplus, taxpayers should get some of that money back.
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