White House says middle-class Minnesotans could pay the price
December 5, 2012 — 9:37pm
In an effort to galvanize support for President Obama’s proposed middle-class tax cuts, the White House released new data Wednesday showing what’s at stake for taxpayers in Minnesota and other states if Washington goes over the “fiscal cliff.”
Apart from approximately 2 million middle class Minnesota taxpayers who would see their federal tax bills jump (an average of $2,200), some 542,000 low and moderate income families in Minnesota would lose the Child Tax Credit, worth an average of $1,000 a year.
On top of that, there are 203,000 middle-class Minnesota families that would no longer get help paying for college under the American Opportunity Tax Credit, which also is scheduled to expire.
On a lighter note, The Action, an Obama-aligned group that has been trying to pressure Minnesota Republicans in Congress to relent on raising tax rates for the top 2 percent, is planning to organize Minnesotans from around the state to sing “fiscal-cliff themed carols” at the State Capitol at 1 p.m. Thursday.
The group also is promoting an effort by Minnesota Democrat Tim Walz for force a vote in the U.S. House on extending the Bush-era tax cuts on the first $250,000 of income, something he says would help 100 percent of taxpayers, not just the bottom 98 percent.
So far, Walz has gotten 178 Democrats to sign on, but no Republican takers. He would need about two dozen defectors to get a vote of the full House.
With an insider’s eye, Hot Dish tracks the tastiest bits of Minnesota’s political scene and keep you up-to-date on those elected to serve you.
Robby Mook, national campaign manager for Hillary Clinton's White House bid, remained bullish on the 2016 campaign during a Star Tribune interview, despite the former Secretary of State's inauspicious start to the race, and the potential candidacy of Vice President Joe Biden.
During an MPR interview in front a live audience, Dayton reiterated his support for middle class tax cuts, a big boost in transportation funding and universal prekindergarten during next year's legislative session, all priorities he was unable to achieve in the 2015 session.