ST. PAUL, Minn. (AP) - It’s too soon to call it a budget breakthrough, but Gov. Mark Dayton has offered an opening to a compromise with House Republicans on taxes.
Dayton spoke favorably on Monday about two elements of the $2 billion tax-cut plan the House approved last week. But he criticized the size of the overall package.
The Democratic governor says he is willing to look at exempting more Social Security income from taxes than is now, as long as caps on earnings aren’t wiped away entirely. Some Social Security income is now exempt from state taxes, but the government takes a bite as household income rises.
Dayton is also open to a $1,000-per-person standard deduction that would exist for two years.
But Dayton isn’t interested in gradually eliminating a statewide business property tax.
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