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| Date: | January 10, 2011 | | Contact Name: | Susan Closmore | | Contact Phone: | 651-329-9923 | | Contact Email: | susan.closmore@senate.mn | | For Immediate Release | |
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| SEN. GRETCHEN HOFFMAN & 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 Gretchen Hoffman (R-Vergas) is serving her first term in the Minnesota State Senate.
“High taxes and excessive regulation are standing in the way of job growth in Minnesota. Our first piece of legislation aims to reduce the burden on existing Minnesota businesses and encourage expansion as well as create a business-friendly environment for entrepreneurs. This will result in more jobs and a healthier economy for our great state,” said Sen. Hoffman. “I made a promise to voters to address the jobs issue head on and I’m keeping my word.”
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 Hoffman was elected to her first term in November 2010. Senator Hoffman can be reached at: 651-296-5655 (office) or sen.gretchen.hoffman@senate.mn.
