|
| Date: | January 10, 2011 | | Contact Name: | Susan Closmore | | Contact Phone: | 651-329-9923 | | Contact Email: | susan.closmore@senate.mn | | For Immediate Release | |
|
| SEN. MICHELLE BENSON & SENATE MAJORITY INTRODUCE JOBS BILL |
(ST. PAUL) -- In an effort to boost Minnesota’s business climate and stimulate private sector job growth, Senate Republican Leaders released their jobs initiative which is Senate file number one. The bill contains three principal components: a phased-in, 50 percent reduction of the business income tax rate; a roll back and freeze on business property taxes and offers regulatory relief.
Senator Michelle Benson (R-Ham Lake) is serving her first term in the Minnesota State Senate. “As it stands now, Minnesota jobs creators face serious challenges – specifically with high business income taxes, duplicative business property taxes and inefficient business permitting processes. We need to address those challenges straight away to jump start job growth in Minnesota and regain the confidence of small businesses and job providers,” said Senator Benson. “This bill aims to encourage economic growth in Minnesota to grow private sector jobs and reduce our budget deficit.”
The Senate Republican Jobs Initiative offers significant tax relief through a variety of changes to Minnesota’s burdensome tax structure. Reducing the business income tax and the statewide property tax keeps more capital in the private sector and empowers employers to grow and develop.
Upon convening the 2011 Legislative Session last week the new Senate Republican majority immediately began holding formal committee hearings. The first committee to meet was the Committee on Jobs and Economic Growth.
Senator Benson was elected to her first term in November 2010. Senator Benson can be reached at: 651-296-3219 (office) or sen.michelle.benson@senate.mn.
