Posts Tagged ‘automatic tax reductions’

Tax Triggers: An Unnecessary Fiscal Autopilot

At least officially, Minnesota’s general fund is projected to have a budget surplus in the current and upcoming bienniums. Conservatives have proposed a “tax trigger” that would automatically reduce state individual and corporate income taxes whenever such a surplus occurs. Such proposals are unnecessary, regressive, fiscally irresponsible, and would skew fiscal policy outcomes away from…

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