(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 Carrie Ruud (R-Breezy Point) issued this statement: “Every extra dollar taken by the government is a burden to Minnesota families. The recent budget surplus demonstrated that Minnesotans are putting in more than the government needs to fulfill its core responsibilities. That is why we are prioritizing significant tax reform this year.”

For the full release, click here.