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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. BENJAMIN KRUSE & 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 Benjamin Kruse (R-Brooklyn Park) is serving his first term in the Minnesota State Senate.
“I am committed to creating a business-friendly environment in Minnesota to spur job growth and establish a more robust economy. In order to achieve that, we’ve introduced legislation today that addresses the challenges that small businesses and job creators face. This bill reduces the tax burden on businesses as well as streamlines the regulatory process that often deter entrepreneurs from building their businesses in Minnesota,” said Sen. Kruse. “We are dedicated to getting Minnesotans back to work and this piece of legislation is the first step in the right direction.”
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 Kruse was elected to his first term in November 2010. Senator Kruse can be reached at: 651-296-4154 (office) or sen.ben.kruse@senate.mn.
