ST. PAUL, MN — 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. Walz have remained mum on whether they will put forward a tax cut bill this session.
“On top of ending the immoral tax on social security, our tax relief package would increase the personal exemption by $1,300, which is something every Minnesotan could benefit from,” said Rep. Anne Neu, R-North Branch. “In total, we're bringing forward $1 billion in tax relief. These are not partisan propositions, and they should earn wide bipartisan support in the House and Senate.”
The House Republican proposal is comprised of five bills including:
In total, Republicans are putting forward approximately $1 billion in tax relief. Rep. Greg Davids, R-Preston, Republican Lead on the House Taxes Division, challenged Democrats to come forward and tell Minnesotans how much they plan to set aside for tax cuts.
“With a $1.5 billion surplus, the question should not be whether to have a tax cut bill, it should be how much that tax cut bill will be,” Davids said. “House and Senate Republicans are united in our work to cut taxes for families, and put the surplus back in the hands of Minnesotans. We challenge Gov. Walz and House Democrats to be clear with Minnesotans how much tax relief they are willing to provide this session.”