The MN Legislature has made lower taxes for the wealthy a top priority. While the Billionaires' effective rate of 7.7% is much lower than the middle class rate of 10.3%, the Legislature would rather balance the budget on the backs of the poor, elderly, disabled and middle class. While Minnesota is facing a $5 billion deficit, legislators are slashing funds for education, mass transit, healthcare, parks, and road repair. They have not approved any bill that would raise taxes on the wealthiest citizens of the state.
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