MN lawmakers fast-tracking federal tax changes, but Social Security and “Walz checks” will be later

Top lawmakers at the State Capitol are fast-tracking a bill that would align Minnesota’s tax law with federal changes well before April 15th — but thornier issues, such as eliminating state income tax for more Social Security recipients, will likely not be addressed immediately — nor will the governor’s proposed “Walz checks.”  House Speaker Melissa Hortman points to the governor’s statement at his inauguration about eliminating childhood poverty as “really important”:

“I think there’s a way for his brilliant new revenue commissioner (former State Representative Paul Marquart from Dilworth) and my brilliant tax chair (Minneapolis Democrat Aisha Gomez to figure out something that’s going to work — that both addresses child poverty and helps return some of the surplus to Minnesotans.”

Republicans want more significant tax cuts, but they don’t have a majority in either the Minnesota House or the Senate.