Tax cuts on the way for some Minnesotans; opponents say they are too expensive, directed at wealthy

Hundreds of thousands of Minnesotans will get more money in their pockets thanks to tax cuts beginning July 1, costing the state treasury about $650 million over the next two years and much more over the coming decade.

Social Security recipients, farmers, first-time home buyers, families with child care costs, small businesses with big property tax bills and college loan debtors are among the beneficiaries. The chief author of the cuts, Rep. Greg Davids, R-Preston, cheekily called it “the greatest tax bill ever” as he lauded its relief for a range of middle-class interest groups.

http://www.startribune.com/tax-cuts-on-the-way-for-some-minnesotans-opponents-say-they-are-too-expensive-directed-at-wealthy/430748203/