SAINT PAUL, Minn. — On Tuesday, Senator Aric Putnam (DFL-St. Cloud) voted in favor of the Senate tax bill, which includes $1 billion in tax rebates for Minnesotans, a $1.24 billion cut in Social Security taxes, and more than $2 billion to fund both a child tax credit and relief for childcare costs.
“As a member of the Senate Tax Committee, I have worked all session with members on both sides of the aisle to create a reasonable approach to taxes, one that respects our public needs and our personal pocketbooks,” said Senator Putnam. “This bill represents the largest tax cut in the state’s history, but it also provides resources to local governments to improve public safety and fill potholes. We’re helping seniors a lot too, lowering the property tax folks pay, reducing taxes on pensions for firefighters and state troopers, and cutting the tax on Social Security benefits so that 76% of Minnesotans won’t pay a penny of tax on their benefits. I’m still going to fight for more relief for seniors, but this is a good start.”
During the floor debate, Senator Putnam voted yes on a proposal to eliminate the state tax on Social Security and pension benefits for all, but the amendment failed.
The Senate and House will enter conference committee negotiations to reconcile the differences between their bills and craft a final tax bill.
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