Yesterday, Senate Republican leaders presented a win-win option for Minnesotans still waiting for tax cuts while Democrats forced through a bonding bill on the House floor, despite not having the votes needed to pass the Senate.
Watch the Press Conference here
“How can we, in good conscience, go back to the taxpayers with a historic nearly $18 billion surplus, and put $2 billion on the state’s credit card and not give a penny of your hard-earned dollars back?” Republican Bonding Lead Senator Karin Housley (R-Stillwater) asked. “Whether we pass a bonding bill today or in May, the bonds are issued in August, so there is no real reason to put borrowing ahead of tax relief for Minnesotans.”
Last week Senate and House Republicans proposed the Give It Back tax plan. It totals $13 billion in tax relief including the elimination of the social security tax, income tax cuts, property tax relief, a child tax credit, and rebate checks.