At Issue: Dec. 9 - Tax increases still possible despite surplus; President George HW Bush remembered

December 09, 2018 04:33 PM

Tax increases still possible despite surplus

Once again Minnesota has a $1.5 billion projected budget surplus. But it could still mean tax increases for Minnesotans.

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Governor-elect Tim Walz said the surplus is great news, but there are risk factors that shouldn’t be ignored. He said they include federal trade policy, the stock market and federal tax law impacts.

On the other side, Republicans say the surplus means there should be tax cuts, rather than tax increases.

President George H.W. Bush remembered

This week the nation said goodbye to its 41st president. George H.W. Bush is being remembered as a family man and a man of integrity.

People from across the world came to say goodbye including five living presidents, former senators and even a former Canadian prime minister.

Here in Minnesota, Bush is being remembered as the man he was before becoming president. During World War II Bush trained as a fighter pilot at the Naval Air Station in Minneapolis.

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Lauren Peake

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

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