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Senate DFL proposes social‑media billionaire revenue; leaders discuss inclusion in revenue plans
Summary
A Senate DFL proposal to include revenue from a social‑media billionaire tax was discussed as one revenue option; leaders said the governor and Senate have proposed revenue and that the House and Senate DFL caucuses agreed neither to broad tax increases nor cuts in the House’s present posture.
Legislative leaders said the Minnesota Senate DFL caucus introduced a proposal to raise revenue by targeting large social‑media platform profits, an idea leaders described as a way to capture revenue from companies and wealthy individuals who profit from user data.
The Senate leader (unnamed) said the proposal — described at the briefing as a “social media billionaire piece of revenue” introduced the prior day — would be included in the Senate revenue bill and called it a novel approach to ask high‑earning tech owners to “chip in.”
“...you gotta chip in here because you're causing some harm,” the Senate leader (unnamed) said, explaining the policy rationale argued by supporters. Leaders said the governor and the Senate have brought revenue proposals to the table; the House leader (unnamed) said the House DFL and Senate DFL agreed to neither broad tax increases nor tax cuts in their current posture.
Leaders did not provide draft statutory language, revenue estimates or bill numbers at the briefing. They said details will be incorporated into formal revenue bills and negotiations this session.
