Dayton, DFL leaders say tax breaks would spur job growth
ST. PAUL - Gov. Mark Dayton and Democratic legislative leaders say cutting a business's taxes for hiring people and passing a large public works bill would create thousands of Minnesota jobs.
Key to a proposal the Democrats offered on Wednesday is providing a $3,000 tax credit for the unemployed, veterans and recent graduates this year and a $1,500 credit next year. The plan would cost the state $35 million.
Dayton plans to release his proposal to fund public works projects, funded by selling bonds, on Tuesday. He says he will propose spending $775 million.
Dayton, Senate Minority Leader Tom Bakk of Cook and House Minority Leader Paul Thissen of Minneapolis tried to steal the thunder from Republicans by promoting what they termed a jobs agenda for this year's legislative session, which begins Jan. 24. Republicans have said that improving the business climate, to produce more jobs, is a priority.
Read more Thursday in The Pioneer.