On Monday, Minnesota Management and Budget (MMB) released its February 2022 Forecast projecting a massive $9.253 billion dollar surplus which is up from the $7.746 billion surplus forecasted last November. Senator Gary Dahms (R-Redwood Falls) released the following statement: 

“With a massive budget surplus, now is the time to give hard-working Minnesotans more of their money back,” Dahms said. “We are one of the highest tax states in the country. Let’s use the surplus to give meaningful relief to Minnesota families and eliminate the unfair Social Security tax. With out-of-control inflation it is imperative we help Minnesotans afford their everyday lives during these challenging times.” 

Senate Republicans unveiled their tax proposal last week that would use the surplus to eliminate the Social Security Tax and cut income taxes for every Minnesota taxpayer. You can read more here.