Senate Republicans want $900 million cut from Minn. Taxes
March 20, 2017
ST. PAUL—More than half of the state's $1.65 billion surplus should go to a package of tax cuts, Minnesota Senate Republicans proposed Thursday.
Their $900 million proposal would include breaks targeted at seniors, farmers, businesses and college students. Its biggest portion would be a permanent cut to the state's lowest tax bracket, which currently takes 5.35 percent of the first $25,390 in taxable income a single individual earns.