Veto would leave taxpayers in the lurch on 2019 filing
ST. PAUL, Minn., May 21, 2018—Mike Hickey, Minnesota state director for the National Federation of Independent Business, released the following statement, today, regarding the critical tax reform/conformity bill the Legislature passed over the weekend.
“Governor Dayton has a rare opportunity to significantly help small businesses and all taxpayers on the complex tax-conformity issue, and we strongly urge him to sign the tax bill the Legislature passed over the weekend.
“The second tax bill that the Legislature sent him over the weekend made a significant conformity on section 179 expensing that is very beneficial to many small businesses and farmers. It also enacted key tax conformity provisions that will aid all tax filers. The bill further enacted a smaller middle-class tax cut that was appreciated.
“If Governor Dayton vetoes the tax bill he will be leaving many taxpayers in a lurch when it comes time to file their taxes in 2019, and he will also be disappointing small business and farmers on an important conformity issue.
“We also want to extend a big thank you to Senate leaders Paul Gazelka, Warren Limmer, and the Senate author, Karin Housley, for not acting on a very flawed sexual-harassment bill that made major changes in the legal standard for filing a lawsuit against employers. The House bill simply removed a critical 32-year standard for what constitutes sexual harassment that has guided both the federal and state courts since 1986 and replaced it with nothing!
“It likely would’ve opened the floodgates to litigation, set no minimum standard on what is required to bring a case into court, and there were very justifiable fears that small businesses likely would have been hurt the worst by this large increase in litigation. NFIB strongly opposed the bill. Small business will be following any interim study that occurs on this issue very closely.”
Celebrating its 75th anniversary, the National Federation of Independent Business is the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB annually surveys its members on state and federal issues vital to their survival as America’s economic engine and biggest creator of jobs. NFIB’s educational mission is to remind policymakers that small businesses are not smaller versions of bigger businesses; they have very different challenges in remaining open.
National Federation of Independent Business/Minnesota
380 Jackson St.
St. Paul, MN 55101