By Doug Grow | 03/05/14
Gov. Mark Dayton, who used the theme “tax the rich’’ to win office, is expected to announce Wednesday a few ideas that sound like “untax the rich.’’
In his supplemental budget, the governor is expected to make significant changes in two taxes, a gift tax and an estate tax, that are unpopular with the state’s wealthiest.
It appears that the governor is set to eliminate the gift tax, which he signed into law last spring, and align the state’s estate tax with federal estate tax law.
Of course, Dayton’s not alone in pushing tax cuts. House DFLers are racing to pass a broad-based bill that would cut personal and business taxes by $500 million. Senate DFLers, moving at a more modest pace, also are pushing cuts.
Republicans claim to be astonished as they see their DFL counterparts whack, hammer and cut taxes.
(more)http://www.minnpost.com/politics-policy/2014/03/untax-rich-dayton-offers-different-tone-year-gift-estate-tax-proposals
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