Republicans Propose Using Surplus for Tax Cut

I agree. By definition, a surplus is money they didn’t budget and don’t need. Give it back.

Assembly Republicans are proposing a 10 percent income tax cut for middle-class Wisconsinites in what they say is an effort to help Democratic Gov. Tony Evers deliver on one of his campaign promises — but Evers isn’t jumping on board.

The Republican proposal would use a budget surplus to expand the sliding scale standard deduction for the individual income tax to give “targeted relief to the middle class,” said state Rep. Terry Katsma, R-Oostburg, in a news conference announcing the plan.

Assembly Republicans held six press conferences throughout the state to highlight the proposal, which would cost $490 million in its first year and an estimated $338 million per year after that. As of June 30, the state’s general fund had a positive balance of $588.5 million based on cash accounting.

Evers campaigned on cutting middle-class income taxes by 10 percent, but his proposal was tied to scaling back the state’s manufacturing and agriculture tax credit, which reduces the state income tax for manufacturers and agricultural producers.

You’ll notice that Evers isn’t as interested in a tax cut for the middle class as he is in hitting manufacturers and farmers with a tax increase.

I do think that the Republicans are being too cute by half by glibly claiming that they are trying to help Evers fulfill a campaign promise. Just propose it, own it, and pass it. Let Evers decide for himself if he wants to take credit for it or veto it.

 

3 Responses to Republicans Propose Using Surplus for Tax Cut

  1. Kevin Scheunemann says:

    Awesome! Well Done!

    Vos does have to stop being stupid on calling it an “Evers tax cut”. Evers does not support tax cuts. You insult his liberal, anti-prosperity ideology. Don’t give credit to liberals for things they oppose, that is just stupid.

  2. kjanz1899 says:

    Did anyone in Madison propose using the surplus toward paying down the debt? Long term it would be better for the state.

  3. Le Roi du Nord says:

    1899:

    I’m all for that proposal.

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