Tags: tax | break | bill | minnesota | killed

Minn. Democratic Gov. Dayton Kills GOP Tax-Break Bill

Tuesday, 15 May 2012 11:31 AM

By Greg McDonald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Minnesota Republicans are accusing Democratic Gov. Mark Dayton of shutting down job creation efforts in the state by vetoing a GOP-sponsored package of business tax breaks.
 
State House Speaker Kurt Zellers called the veto Monday “personally offensive and outrageous” and said it would put a “Closed for Business” sign across the state, according to the Minneapolis Star Tribune.

The bill pushed by Zellers and other Republicans would have provided businesses with property tax breaks many of the state’s top corporate leaders had sought. The bill would have also provided tax breaks for the purchase of capital equipment and for employers who hired veterans.

But Dayton, the Star Tribune reported, “issued a harshly critical, three-page veto letter,” in which he said the bill overall would have blown a $100 million hole in the state budget.

“It ignored my requirement that any future spending must be paid for and avoid adding to the next biennium’s projected deficit,” Dayton said.

Republicans lawmakers were particularly incensed over the veto, which killed a primary component of their so-called job creation plan, because some of them had agreed to support a bill to help facilitate the building of a new $975 million stadium for the Minnesota Vikings football franchise.

The Star Tribune said some of them thought Dayton might sign the tax break measure as a goodwill gesture in return for their support on the stadium bill.
State business leaders also expressed their frustration with the veto.

“The governor showed a great amount of flexibility on his top priority, the stadium, and little or no flexibility on issues related to small business job creation,” said David Olson, president of the Minnesota Chamber of Commerce.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Democrats: GOP Attack Ads are Hypocritical

Wednesday, 01 Oct 2014 06:55 AM

Democratic House candidates are being lambasted in Republican campaign commercials for having voted to raise the nationa . . .

Tea Party Anger May Cost Sen. Pat Roberts His Re-Election

Tuesday, 30 Sep 2014 21:16 PM

Sen. Pat Roberts' re-election reportedly could be in grave danger if tea party supporters decide Wednesday to sit out th . . .

Paul Ryan on Presidency: If Romney Runs in 2016, I Won't

Tuesday, 30 Sep 2014 20:52 PM

Rep. Paul Ryan says he won't join the 2016 presidential race if Mitt Romney decides to run. The Wisconsin Republican rev . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved