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You are here: Home / News / MN Senate GOP rolls out tax cut proposal

MN Senate GOP rolls out tax cut proposal

May 1, 2018 By Bill Werner

Minnesota Senate Republicans unveiled their tax cut proposal today and Lino Lakes Senator Roger Chamberlain says over 99 percent of Minnesotans will be protected from any tax increases:  “99.8, to be exact…. About 82 percent… will see decreases on their tax bill.”  Senate Republicans propose dropping the lowest income tax rate by a quarter-percent. They say Minnesotans would keep popular deductions for mortgage interest, property taxes and charitable donations. The Senate G-O-P plan would also reduce individual income tax rates a tenth of a percent during the next calendar year if there’s a significant state budget surplus.

 

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