TakeAction Minnesota Reacts to Senate Tax Reform

FOR IMMEDIATE RELEASE: April 11, 2013
Contact: Greta Bergstrom, 651.336.6722, greta@takeactionminnesota.org

TAKEACTION MINNESOTA REACTS TO SENATE TAX REFORM
DIVISION BUDGET RELEASED TODAY

St. Paul, MN – TakeAction Minnesota released the following statement in reaction to the budget put forward this morning by the Senate Tax Reform Division, chaired by Senator Ann Rest:

“Closing tax loopholes for big corporations is smart, fair and popular public policy. Today the Senate Tax Reform Division took a step in the right direction by proposing to close many of our state’s corporate tax loopholes, supporting most of the proposals put forward by Governor Dayton. But this committee also missed several opportunities.

“Minnesotans expect legislators to fix our state’s revenue crisis and ensure that everyone, including big corporations, are paying their fair share.

“The Minnesota legislature should close additional tax haven loopholes and invest this savings in Minnesota’s families and small businesses – those who have fallen behind over the past decade. By spending $179 million of the savings to buy down the corporate income tax rate, as the Senate Tax Reform Division committee proposed today, we are missing a big opportunity. This year we could end over $300 million in tax preferences for big corporations and invest those savings in the schools, roads, small businesses, and senior care that every Minnesotan needs.”

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TakeAction Minnesota is a statewide people’s network of individual and organizational members. We work collaboratively to raise the voices of Minnesotans in their own communities to advance social, racial and economic justice