Tax debate in Congress will cloud Minnesota's fiscal fortune | Minnesota | postbulletin.com

Post Bulletin| Mon Dec 04 13:12:50 EST 2017
ST. PAUL, Minn. (AP) — Minnesota officials will soon get an update on the state's financial standing, but an ongoing effort by Congress to slash taxes means the numbers behind the surplus or deficit will provide little comfort or clarity. The economic forecasts that help set the stage for legislative sessions are always a guessing game, balancing the constantly changing streams of tax revenues and government expenditures that can soar or sour with the national economy. But the potential for trillions in federal tax breaks looms large over Tuesday's economic update in Minnesota. The Republican-controlled U.S. Senate narrowly passed a $1.5 trillion tax bill over the weekend that would reshape ..

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