DFL Senate Tax Chair Hints At Taxing Rich

Print More

Click on photo of Senator Rod Skoe to hear his thoughts on tax policy

Click on photo of Senator Rod Skoe to hear his thoughts on tax policy

Now that DFLers are in control of Minnesota’s government, will they follow through on Governor Mark Dayton’s campaign pledge to raise taxes on the state’s highest earners? The man who will have a lot to say about that in Minnesota’s Senate is sending signals that such a tax increase may be considered.

Senator Rod Skoe (DFL-Clearbrook) will chair the Senate’s powerful Tax Committee when the legislature convenes in January. He said the the balance between sales, income and property taxes will be examined “trying to move the state to a more progressive tax system, more reflective of having the tax as more reflective of one’s ability to pay.”

Sales and property taxes are generally considered “regressive” because they don’t rely on one’s ability to pay. Skoe didn’t offer any specifics, but when you consider all state taxes, Minnesota’s tax incidence study shows that the highest earners in Minnesota pay the lowest effective tax rates. If there are any adjustments made in taxes based on “ability to pay” it would either have to come from lowering taxes on the poor and middle class, raising them on the rich, or a combination of both.

Full video interview with Senator Skoe

Michael McIntee

Michael McIntee is a former network TV news executive with more than 30 years of broadcasting experience. He began his broadcasting career at the University of Minnesota's student radio station. He is an expert producer, writer, video editor who has a fondness for new technology but denies that he is a geek. More about Michael McIntee »

Comments are closed.