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Pawlenty vetoes tax bill

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ST. PAUL - Gov. Tim Pawlenty wasted little time before vetoing a nearly $1 billion tax increase early this morning.

The Minnesota House and Senate late Friday passed the tax plan, an alternative to larger tax-raising proposals on the table.

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The plan would have created a new, fourth income tax bracket for the wealthiest Minnesotans. It also included an alcohol tax increase and a surtax on credit card companies charging customers more than 15 percent interest.

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