A list of proposed taxes from the Democrats in D.C., via David Boaz. There is a similar list for the state DFL from Faegre and Benson last June:

• Increase the individual income tax to 9 percent (House) and 9.25 percent (Senate) on the top tier of earners
• Increase the current income tax rates for all income taxpayers (Senate)
• Eliminate the tax deduction for mortgage interest for many homeowners; replace the deduction with a targeted credit
• Eliminate the tax deduction for real estate taxes
• Eliminate the tax deduction for charitable donations; replace with targeted credit
• Eliminate the tax credit for education expenses
• Double the gross-receipts tax and increase the excise on alcohol and beer, and more than double the excise tax on cigarettes
• Impose a surcharge on lenders charging interest greater than 15 percent
• Increase commercial and industrial property taxes by a projected $300 million in the 2010-11 biennium
• Allow counties to exercise the option to impose a � cent sales tax to compensate for loss in county aid
• Eliminate the tax exemption for interest on municipal and 501(c)(3) bonds
• Eliminate the foreign royalty subtraction and foreign operating company provision in corporate income tax
• Eliminate the credit for organ transplants
• Tax as income a portion of most tax increment financing and tax abatement subsidies
• Tax sales of remote sellers by expanding the definition of a company's nexus
• Impose a sales tax on digital downloads
• Eliminate some of the incentives for JOBZ, or eliminate the program entirely
• Allow the creation of "street improvement districts" by cities to assess fees at uncapped levels for transportation improvements

Expect many of those to make a return performance in 2010.

Labels: Minnesota, taxes