The state government came to an agreement on a tax bill.
According to House Taxes Committee Chair Paul Marquart, this bill would have included some of the largest tax cuts in the history of Minnesota.
The compromise agreement, created between the House and Senate Taxes Conference Committee, included stipulations that senior citizens would pay no taxes on Social Security Benefits and working families would see significant tax cuts to help pay for child care.
The package was estimated to provide $4 billion in tax cuts but failed to pass the floor before the legislature’s midnight deadline.
Disagreements over public safety, health and human services, and education are among the cited reasons the measure didn’t pass the floor before the end of the session.
Governor Tim Walz is expected to meet with House and Senate leaders to discuss the parameters of a special session.
“Members of the House DFL majority have spent the past four years working hard on behalf of the people of Minnesota to deliver better schools, health care, jobs and economic security,” said House Majority Leader Ryan Winkler.
“We have made important progress to improve the lives of people throughout our state, from Bemidji to Bloomington, from Dilworth to Duluth, from Mankato to Minneapolis, and St. Paul to St. Cloud. In a society where the ultra-wealthy and big corporations bend the rules in their favor, it’s hard to make progress for workers and families, but it’s a privilege to do the work.”
“House Democrats failed Minnesotans this session by failing to address our public safety crisis, and doing nothing to put money back in the pockets of families who are struggling with record inflation and skyrocketing gas prices in the Biden-Walz economy,” said Hosue Minority Leader Kurt Daudt in a statement.
“Minnesotans deserved better than the politics and cynical games that House Democrats played this year– Republicans will focus on the top issues that Minnesota families care about, and pass bills that will make their communities safer and their lives more affordable.”