MN Speaker of the House Margaret Anderson Kelliher provided some numbers today on the DFL's propsed state budget.
Pronouncing Pawlenty's recently revised budget "balanced for the next election, not the next generation," Kelliher rolled out a set of top-line targets that propose to solve Minnesota's $4.6 billion general fund deficit in three roughly equal pieces: $1.7 billion in cost shifts, $1.6 billion in spending cuts, and $1.5 billion in tax increases.
It spells out where the cuts and "cost-shifting" will go- it does not spell out anything about where increased tax revenue will come from...CHICKENS!!
Kelliher and Sertich were not specific about the kinds of tax increases their caucus would pursue in raising an additional $1.5 billion in revenue, but Kelliher did say that "the most important thing is to make the changes progressive"--which appears to augur for a solution based mainly on income taxes, which are really the only progressive tool of consequence in the state's tax arsenal.
Oh they love that word "Progressive"!
The most eye-catching tax number in the House proposal involves the '12-'13 biennium, when the "new resources" figure jumps from $1.5 billion to $2.9 billion. Asked whether this meant that the House DFL was committed to passing the tax/fee increases necessary to raise that future sum during this year's session, Kelliher said, "We're committed to showing Minnesotans what it takes to balance this budget"
Folks, there is no way that they're going to generate $2.9 Billion in tax revenue by only taxing "the rich"-- but these chickens won't explain where that money's going to come from. They had better spell it out before April 15th tax day when Newt Gingrich's organization, American Solutions, will be holding tea parties all over the country. Here's the info for the one in Minnesota- sounds like a good time to me.