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KF, Beneficiary's Share of Minnesota Taxable Income Form

KF, Beneficiary's Share of Minnesota Taxable Income Form

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[Music] joining me now in the studio to provide another perspective on adjusting the state's tax code since the passage of the federal tax cuts and Jobs Act last December is Senator and rust welcome thank you very much from your perspective as the leading Democrat on tax policy are the federal tax law changes giving Minnesota a unique opportunity to change our tax system well I think one of the things that we need to really look at is how the federal changes are going to have an impact on Minnesota taxpayers if we do nothing and I think that there is general agreement that we need to take a look at Minnesota's tax system and in particular make sure that those federal changes don't have negative impacts on Minnesota taxpayers and as it stands now if we do nothing taxes there will be more revenue coming into the state people will be paying more in taxes is that right well kind of yes yes and no if we the problem with doing the real problem with doing nothing is th

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