TAXED TWICE...dueling tax cuts

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The Legislature is getting closer to figuring out your tax bill for next year. The Senate finished work on its tax reform package today (Tues), which cuts property taxes by almost 2 Billion dollars over three years. At the same time, the House Taxes Committee has unveiled its own tax reform package, which makes more modest cuts. Minnesota Public Radio's Martin Kaste reports: Senate Taxes Chairman Doug Johnson has been fighting for a week to keep his huge tax reforms together -- and so far, he's succeeding. His combination of deep cuts in property taxes for business and apartment buildings and generous property tax refunds for homeowners withstood a barrage of amendments from Senators trying to change the mix -- including a fierce battle on Monday over the new "business activity tax" which pay

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