Minnesota Senate Media Services
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Session Update: Senate GOP Presents Tax Relief Plan
Posted
February 25, 2022
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166
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February 25, 2022
166
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1.20%
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2:43Now PlayingSenate Republicans presented their tax relief plan Thursday, February 24, stating that it would be the largest tax cut in state history if enacted. Totaling $8.51 billion dollars, the proposal would reduce the first-tier income tax rate from 5.35 percent to 2.8 percent and eliminate the state tax on social security benefits.
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