(St. Paul) – This week, Senate Republicans announced a multifaceted plan to return Minnesota’s budget surplus to taxpayers. The Senate Republican tax plan emphasizes putting money back in the pockets of families and individuals, particularly middle-income and low-income earners, so they have more security, freedom, and flexibility to chase their dreams. This is the marquee piece of Senate Republicans’ Vision 2020 Agenda, which was unveiled in January.

The Get Your Billion Back plan is built upon a massive package of tax cuts worth more than $1 billion, which will ease the burden for every single Minnesota taxpayer. The plan calls for reducing the bottom income tax rate, completely eliminating taxes on Social Security income, expanding the K-12 income tax credit, and more.

Senator Mary Kiffmeyer (R-Big Lake) issued the following statement: “We are meeting the needs of Minnesota families by lowering taxes. We do not want to take more money from you than what is needed for your government to run smoothly and serve you well. Every extra dollar in your wallet can make a huge difference, so we will keep working to reduce spending and lighten your tax burden.”

For the full release, click here.