Last fall, for just the second time in 40 years, Minnesotans elected a Republican House and Senate to represent them at the State Capitol. Throughout the campaign, we pledged to work to tackle the health care crisis, return the surplus to taxpayers through meaningful tax relief, and use the tax dollars you're already sending us to rebuild our crumbling road and bridge infrastructure.
We're proud to report that we accomplished all three of those goals and so many more. This year's legislative session will go down as one of the most productive in modern history. Working under divided government, legislators scored key, bipartisan victories that will help Minnesotans in all corners of the state.
On health care, the Legislature delivered emergency premium relief for Minnesotans who have been devastated by rising costs under the failed Obamacare health law and paired it with reforms aimed at increasing competition and choice in the struggling individual market. Weeks later, the Legislature passed a reinsurance program that will provide stability to the individual market and help prevent the kind of massive premium increases we've seen over the past three years.
These reforms put Minnesota back on its way to becoming a nationwide leader in health care once again and undoing the damage that's been inflicted on our health care system by Obamacare.
Once the two major health care bills were passed, our attention turned to the state budget. Republicans fought every step of the way to preserve as much of the surplus as possible for middle-class tax relief and road and bridge funding.
Despite the governor's resistance, Republicans prevailed on both and successfully dedicated more than two-thirds of the remaining surplus to tax relief and roads and bridges.
The tax bill passed with overwhelming bipartisan support in the House and Senate and was ultimately signed by the governor. It represents the largest tax cut in nearly two decades, and puts more than $650 million back in the pockets of Minnesotans over the next two years.
Why was the tax bill so broadly supported by Republicans and Democrats alike? Put simply, this historic tax bill prioritized middle-class tax relief and targeted tax cuts to spur our economy and grow jobs.