The Minneapolis City Council is looking into new ways to tax its wealthiest residents and businesses.
On Thursday, the council voted 10-0 to research new sources of revenue, including taxing the city’s upper class in ways that likely would require changes to state or federal laws.
Council members sought to frame the idea as a clapback to President Donald Trump’s “One Big Beautiful Bill” approved by Congress. The signature legislation so far in his current term is anathema to many on the left in that it benefits the wealthiest Americans most through a series of tax benefits, hurts poorer people through cuts in food stamps and Medicaid, and provides a huge increase in funding for immigration enforcement…