If Governor Tim Walz gets his way, more than 2 million people could be in line for a $1,000 direct payment.
The Minnesota executive doubled down on his efforts to use some of the state’s budget surplus to cut taxpayers’ checks.
Walz in January as proposed $500 direct payment to most Minnesota taxpayers to help combat high inflation.
inflation is jumped 8.6%Up from 7.5% in January.
Although the policy did not gain traction in the spring, Walz made a major announcement. incentive The push for packages and payments continued this week.
Governor Walz’s plan would send $1,000 to Minnesotans who made less than $165,000 last year.
Couples who filed their taxes jointly and reported less than $275,000 in income would receive $2,000.
The state recorded a budget surplus of nearly $7 billion in 2021, and Walz’s plan would spend $4 billion on direct exemptions to taxpayers.
In addition to direct payments, Governor Walz also pushed for relief for Minnesotans at the pump.
He called on the state legislature to temporarily suspend Minnesota’s gas tax, which is 28.6 cents per gallon.
The average cost of a gallon of gas in Minnesota as of June 25 is $4.71, according to AAA,
According to MinnepostA typical SUV driver with a 14-gallon tank would save about $4 per fill if the state implemented a gas tax holiday.
Walz told reporters that the $1,000 direct payment would have minimal impact of tax relief compared to Fox 9-KMSP. informed of,
An estimated 2.7 million Minnesotans would receive an exemption if enacted.
However, the current plan still lacks the bipartisan support from state lawmakers it would need to pass.
Minnesota Republicans have called the proposal a political “gimmick” as Governor Walz prepares for re-election this year, according to bring me news,
the sun is higher millions A fourth stimulus check is expected in Colorado.