On a trip out East this week, Mark Dayton appeared on Bloomberg Television and spoke about how hard it’s going to be to balance Minnesota’s budget when he becomes governor next month.
Despite his campaign pledges to raise taxes on high-income earners, he’s now saying, “Everything’s negotiable,” and he’s willing to compromise on his definition of wealth.
He still hopes to reorder the tax rates, so upper-income Minnesotans are paying their appropriate share, and warns that, despite the Republican-controlled Legislature’s dislike for tax increases, it’s going to be hard to resolve a $6.2 billion deficit with only spending cuts.
New jobs will be a priority, he said.
Looking ahead, “it’s going to be very painful. There’s no way around it,” he said.