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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. PAM WOLF & SENATE MAJORITY ANNOUNCE 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 Pam Wolf (R-Spring Lake Park) is serving her first term in the Minnesota State Senate.
“The solution to high unemployment rates and budget deficits is job growth in the private sector. Right now Minnesota job creators are facing serious challenges – specifically in high taxes and excessive regulation. Our first bill focuses on cutting taxes for businesses and streamlining the permitting process to make Minnesota a more business-friendly environment,” said Sen. Wolf. “These reforms will result in job growth and boost Minnesota’s economy.”
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 Wolf was elected to her first term in November 2010. Senator Wolf can be reached at: 651-296-2556 (office) or sen.pam.wolf@senate.mn.
