|
| Date: | January 10, 2011 | | Contact Name: | Susan Closmore | | Contact Phone: | 651-329-9923 | | Contact Email: | susan.closmore@senate.mn | | For Immediate Release | |
|
| SEN. PAUL GAZELKA & 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 Paul Gazelka (R-Brainerd) is serving his first term in the Minnesota State Senate. “Minnesota is facing severe unemployment and budget deficits. The solution to those issues is private sector job growth. As it stands now, Minnesota jobs creators are burdened with high taxes and inefficient permitting processes. Our bill aims to provide tax and regulatory relief for businesses to foster entrepreneurial spirit and encourage business expansion in our great state,” said Sen. Gazelka. “I am 100% committed to bringing more jobs to Minnesota and this piece of legislation takes those critical first steps towards job growth.”
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 Gazelka was elected to his first term in November 2010. Senator Gazelka can be reached at: 651-296-4875 (office) or sen.paul.gazelka@senate.mn.
