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Gov. Tim Walz talks rebate checks, legislature’s other tax moves ahead of end of session

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Gov. Tim Walz talks rebate checks, legislature’s other tax moves ahead of end of session


MINNEAPOLIS — Democrats are calling it the most productive legislative session in Minnesota history. Republicans are crying foul, saying voters will punish the DFL at the polls for a gross overreach.

Democrats say their bills together make up the largest tax cut for the middle class in history. But some of the tax cuts have cutoffs that have some wondering: what exactly is middle class these days?

READ MORE: Minnesota House passes tax bill, Senate returns Sunday for possible vote

Minnesotans are finally getting those rebate checks. But there is a strict cutoff on who gets them and who doesn’t. Checks for $260 will go to single filers who make less than $75,000 a year, and couples who makes less than $150,000 will get $520.

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Parents in those income brackets will get another $260 dollars per child up to three kids. But what about that cutoff? Is a single filer making $80,000 rich? How about a family making $160,000 dollars a year?

Additional child tax credits will be income-linked phasing out, after $90,000 in earnings.

And what about that social security tax cut? Minnesota is one of 12 states that still taxes social security income. Legislators this session cut in half the number of people who will be paying taxes on social security checks. If your joint income is less than $100,000 you are now exempt and if you are single making less than $78,000 you will also be exempt.

Couples making between $100,000 and $140,000 will still have to pay but will get a phaseout cut. 

READ MORE: Minnesota Senate sends bill to legalize marijuana to Gov. Tim Walz’s desk

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Again, is a couple earning more than $100,000 well off, or are they deserving of the full tax break intended for the middle class? Gov. Tim Walz was a guest on WCCO Sunday Morning at 10:30 a.m.

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Gov. Tim Walz

CBS News


WCCO asked Walz if a couple that makes $150,000 really rich. 

“I don’t believe they are rich but I do believe that encompasses, about 80% of Minnesotans make less than that, focusing on those children, and those that make at the very bottom are going to see the most,” he said. “Minnesota’s tax code, those at the top they do pay a little more, but our tax code is rated as one of the fairest in the country, meaning that if you are below $150,000 dollars it’s much cheaper to live here than it is to live in other places.”

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There are some notable tax hikes. There will be a gas tax increase that will automatically be linked to inflation, there will be a 50 cent fee for deliveries over $100, an additional .25% sales tax in the metro to fund housing needs, and an increase in corporate taxes. Higher earners will also pay more — that’s anyone who is single earning more than $600,000 a year and households earning more than $800,000.

You can watch WCCO Four News with Esme Murphy and Joseph Dames every Sunday at 6 a.m. and 10:30 a.m.



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Minnesota

NEXT Weather: 10 p.m. report for Minnesota on Dec. 25, 2024

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NEXT Weather: 10 p.m. report for Minnesota on Dec. 25, 2024


NEXT Weather: 10 p.m. report for Minnesota on Dec. 25, 2024 – CBS Minnesota

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WCCO meteorologist Lisa Meadows says rain will move in late Thursday and stick around into the weekend.

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Minnesota

MSU Alum Having Career Year for Minnesota Vikings

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MSU Alum Having Career Year for Minnesota Vikings


Former Michigan State wide receiver and current Minnesota Viking Jalen Nailor has been terrific in his third season in the pros. As the third wide receiver on the field alongside Justin Jefferson and Jordan Addison, Nailor has improved his career numbers in his now third year in the league.

Drafted in the sixth round of the 2022 NFL Draft out of MSU, the Vikings landed a strong piece to an even stronger offense in the Vikings. Nailor’s efforts since joining the Vikings have provided the franchise comfort knowing he is out on the field.

In his first season, Nailor played in 15 games, recording nine receptions in 13 targets. He posted 179 receiving yards in his rookie campaign, averaging 19.9 yards per reception. Receiving seven first downs in Year 1, the Vikings looked to get Nailor more involved on the roster in Year 2.

Though the team wanted to get more out of Nailor, they were unable to due to Nailor’s lack of time on the field. In his second season, Nailor only played in six games. In the six games, Nailor totaled only three receptions that went for 29 receiving yards. Nailor received one first down on the season before he was inactive in Weeks 15, 16 and 17.

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In what would be a do-or-die season after a lackluster second-season campaign, Nailor made sure he reminded Viking fans why he belonged. Playing in 15 games for the Vikings this season, Nailor has dropped career highs in four different statistical categories. MSU fans should be proud of their former Spartan.

Nailor has 20 receptions, which is one of his new career highs, and he has totaled 280 yards, averaging 14 yards per reception. His best game on the season came against the Detroit Lions back in Week 7, where he recorded four receptions in five targets and got 76 receiving yards, averaging 19 yards per reception.

As the Vikings approach the postseason, Nailor should be a key piece to a deep playoff run if the Vikings make it as far. Minnesota, going into Week 17, has a record of 13-2 and should continue to be a force to take seriously for whoever it faces in the playoffs.

Don’t forget to follow the official Spartan Nation Page on Facebook Spartan Nation WHEN YOU CLICK RIGHT HERE, and be a part of our vibrant community group Go Green Go White as well WHEN YOU CLICK RIGHT HERE



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NEXT Weather: 10 p.m. report for Minnesota on Dec. 24, 2024

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NEXT Weather: 10 p.m. report for Minnesota on Dec. 24, 2024


NEXT Weather: 10 p.m. report for Minnesota on Dec. 24, 2024 – CBS Minnesota

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Meteorologist Lisa Meadows says high temperatures will be in the 30s for Christmas day, with patchy fog in the morning.

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