attention Minnesota! Governor Tim Walz It released an updated plan to spend the state’s massive budget surplus on Thursday, including a proposal for $1000 Income Tax Deduction Checks for each couple.
The revised supplementary budget proposal, released on Monday, came on the heels of last month’s announcement that the state budget surplus had grown to $9.25 billion.
It formalizes a proposal he made at the time to increase the size of proposed tax credit checks to $500 for single subscribers and $1,000 for married couples.
Call it the program Waltz checks,“A play on sales tax rebates known as “Jesse checks” issued by the former Governor Jesse Ventura.
using a New hope As background, Walz stated that the checkups will help Minnesota residents deal with rising gas prices and other daily necessities.
“It’s going to be about $2 billion surplus and send it in checks now to make a difference at the pump, to make a difference at the grocery store so we get stability in Ukraine, we get Russia out of Ukraine, and we get some stability in our prices.” “It would help Minnesota.”
The proposal still needs approval
The proposal, however, must be approved The Minnesota Legislature, It is divided into the Senate, controlled by Republicans, and the House, controlled by Democrats.
Senate Republicans You want to spend the majority of the surplus on permanent income tax cuts for everyone, while Members of the House of Representatives You want to spend it on low-income Minnesota and social programs.
Senate Majority Leader Jeremy Miller told reporters he favors a permanent and continuous tax credit but does not rule out a one-time deduction.
Walz also suggested an additional ingredient $230 million to spend, Including $73 million For cost-of-living adjustments for retirees from a public retirement plan, $23.5 million for health care, 20 million dollars for emergency shelter services, and 9 million dollars for cyber security. He also proposed replacing an old government patrol helicopter.
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