Minn. Senate DFLers propose $260M in tax reductions

ST. PAUL -- Minnesota Senate DFLers are offering state taxpayers just over one-tenth of the tax relief that House Republicans have proposed.

Senate Tax Committee Chairman Rod Skoe, DFL-Clearbrook, outlined a plan Monday that would provide $260 million in overall tax reductions over the next two years, including a cut in the state property tax levy on businesses and a new tax credit for businesses that hire veterans.

Last week, House Tax Committee Chairman Greg Davids, R-Preston, unveiled a bill to provide $2 billion in income and business tax breaks.

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