Saturday evening, the Minnesota House of Representatives barely pulled together enough votes to pass their misguided tax bill. One of the most contentious measures involved the DFL proposal to rip back mid-stream the JOBZ tax benefit proposals that formed the basis for many businesses deciding to locate and expand in Greater Minnesota.
An amendment by our own Representative Robin Brown, attempted to save the JOBZ provisions, but failed by a vote of 65 to 68. http://www.politicsinminnesota.com/2009/apr25/3037/bits-and-pieces-house-omnibus-tax-bill-debate
It appears that the final bill passed by the same margin -- 68 to 65, with Brown switching her vote to APPROVE the final bill which included elimination of the JOBZ tax stream. http://www.house.leg.state.mn.us/cco/journals/2009-10/J0425041.htm#4096
Not only does this bad bill rip money right out of the coffers of our local employers, it also taxes other incentives that companies receive for doing business in Minnesota, eliminates other popular tax benefits and substantially increases the cost of doing business in Minnesota through broad reaching tax increases.
This bill is VERY BAD for Albert Lea, bad for Greater Minnesota and bad for all of Minnesota.
The DFL has created a bill that is a political animal and a greedy revenue grab that deserves the wrath of the Governor's veto pen.
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