The cuts would crowd out more important priorities, provide large tax cuts to only a small number of Minnesota estates, and create uneven tax treatment among Minnesota taxpayers.
Not only do the cuts exceed the current surplus: they also grow over time.
There is a substantial number of bills moving in the Legislature that would cut taxes just for those with the highest incomes.
Policymakers should be cautious and make budget decisions that will make us stronger down the road.
Funding for the Renters’ Credit isn’t keeping up with the growth in rental property taxes.