ST. PAUL – House Republicans held a press conference Monday calling for significant tax cuts for Minnesota families using the state’s $1.5 billion budget surplus.
Senate Republicans announced their “Get Your Billion Back” tax plan earlier this year, while House Democrats and Gov. Tim Walz have remained mum on whether they will put forward a tax cut bill this session.
Rep. Dale Lueck, R-Aitkin, said the time is right to provide Minnesotans with tax relief.
“We made inroads on reducing the tax on Social Security income benefits for seniors during the last biennium and now it is time to finish the job by ending the state tax on social security,” Lueck said. “Minnesota has been an outlier in terms of taxing social security and seniors deserve better. With a strong economy and a $1.5 billion state surplus, the door is open to making our Minnesota a better place for seniors and for providing tax relief to virtually everyone else in our state. It is up to the Legislature to capitalize on this opportunity and the package of tax relief we put forward does that. It should be a top priority for enactment this session.”
The House Republican proposal provides relief to a wide swath of Minnesotans, from seniors to farmers, homeowners, Main Street businesses, college graduates with student loan debt, and families with kids in childcare.
In total, the package Republicans put forward Monday provides approximately $1 billion in tax relief. This includes: