Weeks after passing the largest tax cut in state history, Minnesota Senate Republicans on Thursday approved an additional round of tax relief for working families, retirees and small businesses.
The bill includes the top two tax priorities for Senate Republicans this year – a total exemption of the Social Security benefits from state taxes and a significant reduction of the lowest income tax rate – and builds on the previous tax bill with additional relief aimed at helping working families afford daily life under the pressure of inflation.
"All year I've heard from my constituents that they want our record surplus to be returned to our taxpayers," District 22 Sen. Bill Weber (R-Luverne) said in a press release. "As one of the highest taxed states in the country, we have a real opportunity to help families, seniors and businesses while turning around the tax narrative in Minnesota. Minnesotans have been hammered this year by inflation and a struggling economy, it’s time that we help them and return their money."