Minnesota Senate Wants $900 Million in Tax Cuts

The lowest tax bracket would shrink by .25-percent

ST. PAUL, Minn. (AP) – Senate Republicans are pursing deep tax cuts over the next two years for students, families, and those on Social Security.

The almost $900 million sought in their bill released Wednesday, directs over half of those breaks to individual taxes. The lowest tax bracket would shrink by over a quarter of a percent.

Republican Senator Roger Chamberlain, of Lino Lakes, says the bill would bring tax relief to all Minnesota residents, with a special focus on rural areas and businesses.

Many of the bigger portions of the tax bill increase in cost over time, a policy decision that Governor Mark Dayton has said he wants to avoid.

The estate tax cut, for example, would cost nearly $30 million over two years. The next two would cost over $116 million.