I’ve authored an important bill that I want people to be aware of. As we know, families are struggling with inflation – costs everywhere keep rising, and instead of addressing those concerns, policies keep getting pushed through that further increase the cost of life. It’s tone deaf. Nothing in Minnesota is being done to make life more affordable for the average family. To deal with this, I brought forward a bipartisan bill that zeroes out the first tax bracket.
Currently, for the first rate, both unmarried individuals and spouses are taxed at 5.35%. Basically everyone would benefit from zeroing out this rate. Individuals would pay no income tax on their first $31,000 made and married couples pay no income tax on their first $46,000. If that money wasn’t taxed, it would help literally every family in the state, and would provide much-needed relief. It would free up more money for families to afford the high cost of living and put it towards things that make the most sense for their households. I’m surprised that this hasn’t already been considered because of how helpful it truly would be.
At every turn, it seems like Minnesota Democrats want to tax Minnesotans more and more. Why is that? One of the top concerns I hear about is how unaffordable life is for most families. If the state can’t work within its current budget, maybe Democrats need to figure out how to make adjustments on their end, instead of expecting taxpayers to foot the bill for costly Democrat policies that do nothing to improve the quality of life.
I think this is a good bill that will help every single taxpayer. Unfortunately, I’m sure it won’t get anywhere. But this is an important discussion we need to have, and I will keep working towards making life more affordable. The bottom line is that you can manage your money better than the state can, but you can’t do that if the state keeps taking more and more. We need to address concerns over the high taxation most are facing, and we need to actually focus on helping Minnesotans. This bill would do just that.