Higher taxes on rich part of House plan
ST. PAUL - Minnesotans earning more than $300,000 a year would pay a higher income tax and the Job Opportunity Building Zones program would be partially dismantled under a House Democratic-Farmer-Labor tax plan.
The bill, unveiled this morning, would raise $468 million in the next two years by raising income taxes on the rich. In all, the bill increases taxes $1.5 billion in the two-year budget that begins July 1.
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