Gov. Mark Dayton's budget: The documents

After nixing the Legislature's proposed $900 million in budget cuts last week with his veto pen, Gov. Mark Dayton submitted his own proposal today for balancing the state's budget, complete with a promised tax hike on the wealthiest among us.

He claims his budget will spare 95 percent of Minnesotans any tax hikes at all. Instead, he's proposed a fourth income tax tier at 10.95 percent for joint filers making more than $150,000, and head-of-household filers making more than $130,000.

He also wants a temporary income surtax of 3 percent for all filers over $500,000 and a statewide property tax on home values over $1,000,000.

No sooner were the documents released than the battle for spin began. State GOP deputy chair Michael Brodkorb trashed the tax hikes:

Or just take the $3.35 billion in income taxes proposed by Dayton - this equals over $1,500 in new taxes per Minnesota householdless than a minute ago via TweetDeck

They're not, the PiPress political blog reported:

Dayton's tax hikes would have zero effect on 95% of all Minnesotans #mnbgtless than a minute ago via Twitter for Android

And the Strib reports that the rich will feel the most pain:

In #mDayton scenarios, hardest hit by taxes - couple, 2 children income of $1 million home worth $2 million = 3.1% tax increase #mnbgtless than a minute ago via web

Will the rich folks leave? Dayton says no:

Dayton says "I think the wealthiest people in this state are better than that" when asked if wealthy and jobs will flee Minnesota. #mnbgtless than a minute ago via web

Download and read his complete budget proposal, as well as breakouts for health, education, property taxes and government reform by clicking the links below -- and make up your own mind.

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