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
“With an $18 billion surplus, it’s time for tax relief, not more borrowing for pet projects like the Senate Democrats are proposing,” said Senator Nathan Wesenberg (R-Little Falls). “The bonding bill Democrats have brought forward is the first in a line of bonding bills that will raise taxes and increase debt—all while we have a historic surplus. If we are going to tackle bonding this year, it needs to be after providing tax relief, and it needs to be equally beneficial for rural communities in outstate Minnesota. We should have one bonding proposal that focuses on key infrastructure throughout the state, not pet projects in the metro area.”
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.