Bakk responds to the Senate Republican Tax Bill
SAINT PAUL, Minn. — The Republican tax bill passed the Minnesota Senate today on a party-line vote of 34 to 32. Senate DFL Caucus Leader Tom Bakk, DFL-Cook, released the following statement.
“In my first seven years at the Capitol, we cut taxes and spent money every single year. It seemed like the money was never going to quit coming in. It was easy – you’re never going to have an easier green vote than one for tax cuts. But then things changed and we found ourselves in the depth of another recession and facing a deficit. We lived with deficits for a decade, and then in 2013 I took the hard votes to raise taxes on the top two percent of Minnesota wage earners while the Republican leader at the time cried it would kill Minnesota’s economy. It did not. We continue to prosper as a state.
“I was hoping I could vote for safe schools or working families today. I was hoping I could ensure our state’s fiscal stability for the next Legislature. I was hoping the Republicans would take one of the many amendments my colleagues presented to make this a better bill. Instead, the Minnesota Senate spent it all on millionaire families’ estates and big corporations.
“I handed over a $1.4 billion surplus to the Republicans in 2017. After this bill we’ll have $36 million left on the bottom line. They have spent it all. Let’s all just pray our vibrant economy holds.”