|For Immediate Release||For more information contact:|
|April 25, 2000||Doug Champeau (651-296-4305)|
"Dollar-for-dollar, the House tax cut plan gives more tax relief for every taxpayer at every income level than tax proposals offered by the Governor and Senate," Davids said. "That's worth fighting for. If the end result is that you get to keep more of what you earn, that's worth spending a few extra days at the Capitol."
The House tax cut plan includes a rebate, property tax relief including agricultural property tax reductions, elimination of the marriage penalty for seniors with unearned taxable income and an increase in the working family tax credit for low-income Minnesotans. Davids said the overall House budget also provides important supplemental funding for schools and nursing homes, especially in rural Minnesota.
But the centerpiece of the House package is permanent income tax rate reductions.
"We have a surplus because of income tax overcollections and that's where we should deliver a good share of tax relief ," Davids said.
"It shouldn't be this hard to return the surplus, to return your money," Davids added.