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Minnesota Governor Walz proposes checks up to $350 as part of economic package

Jan 21, 2022 06:02AM ● By Editor
From WDIO-TV - January 20, 2022

Gov. Tim Walz is proposing a series of ideas that he says would expand economic opportunity in Minnesota, including checks of $350 per couple.

The payments, which a news release from the governor's office refers to as "Walz Checks," would be $350 for married couples filing jointly who make up to $273,470. Single tax filers earning up to $164,400 would receive $175.

The payments would total $700 million.

The governor is also proposing an expansion of the state's Dependent Care Credit by increasing the income threshold and maximum credit amount. Walz also wants to make a one-time payment of $2.73 billion to the Unemployment Insurance Trust Fund, a move he says would prevent pandemic-related tax increases for businesses. 

The proposals unveiled Thursday also include funding for workforce development, educational programs, weatherization, and broadband expansion.

"By investing in workforce development, cutting taxes for the middle class and working families, lowering costs, and expanding access to resources like technical education and high-speed broadband, we will improve economic prosperity across the state and grow the workforce we need to compete," Walz said.

Republican leaders expressed support for the idea of repaying the Unemployment Insurance Trust Fund but say permanent tax relief is needed.

"Instead of gimmicky checks designed to boost approval ratings, we need permanent and ongoing tax relief. Sending just a fraction of the surplus back to Minnesotans is unacceptable, especially with inflation at record levels. House Republicans will push for meaningful and permanent tax relief, and to send as much of the surplus back to Minnesotans as possible," Deputy House Minority Leader Anne Neu Brindley (R-North Branch) said in a news release.

State leaders are considering what to do with a projected $7.7 billion budget surplus.
 

To see the original post and read related stories, follow this link tot he WDIO-TV website. https://www.wdio.com/politics-news/walz-proposes-checks-up-to-350-as-part-of-economic-package/636505...

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