Davids: Higher Income Tax Proposal In Minnesota Has Little Chance
About five percent of Minnesotans really, really don't like governor Mark Dayton's proposals for their future. Dayton wants lawmakers to agree to a new top income tax bracket of nearly 11 percent for those earning over $150 thousand, plus an additional 3% for those bringing in over a half million a year. And that, says the legislature's tax committee chair, Preston representative Greg Davids, is how you soak the rich. And how you drive them out of the state. Davids says giving Minnesota the top income tax bracket in the nation will only drive those top earners to other states. He predicts failure for Dayton's proposals in the house and senate .