ST. PAUL – State Rep. Chris Swedzinski, R-Ghent, issued the following statement regarding today’s report from Minnesota Management & Budget indicating that Minnesota has a $1.3 billion budget surplus projected for 2020-21.
“It’s good to see Republican-led tax cuts continue to produce strong results in helping our economy soar,” Swedzinski said. “Our state’s reserve account is now fully funded at nearly $2.5 billion and tax relief should be a top priority for the 2020 session. We could start by repealing the Democrats’ tax on health care they insisted on extending earlier this year. We also need to fix the Section 179 depreciation issue where farmers and other business owners are getting walloped by state income taxes. In any case, tax increases should be non-starters this session.”
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