Wisconsin Republicans propose $250 million income tax cut
Income taxes for the average person in Wisconsin would be cut by $105 under a Republican proposal that lawmakers plan to vote on next week and quickly send to Democratic Gov. Tony Evers.
The nearly $250 million income tax cut is the largest part of the GOP plan announced Friday.
It also would reduce personal property taxes paid by businesses by nearly $45 million and cut general state debt by $100 million.
Republicans are tapping some of the state's projected $620 million budget surplus to pay for the tax cuts.
Gov. Tony Evers quickly criticized the plan, comparing it to his proposal to increase funding for education and targeting property tax cuts.
“Unfortunately, Assembly Republicans made it clear today that they would rather break their promise to the people of our state than work together on funding our schools and reducing property taxes in Wisconsin,” Gov. Evers' spokesperson Britt Cudaback said.
Cudaback argued Evers plan would fulfill a GOP promise to provide two-thirds funding to Wisconsin schools, while still cutting taxes by $130 million.