But Evers will still veto it. It’s his money… not yours, don’t you know?
More than 2 million taxpayers would see a tax cut from a Republican passed bill in the Wisconsin legislature, according to an analysis from the Center for Research on the Wisconsin Economy (CROWE).
“We find it would reduce taxes for about 2 million taxpayers and reduce state tax revenue by about $200 million, so the reduction per affected taxpayer is about $100,” the CROWE study found. “Low-to-middle-income taxpayers would benefit the most. Moreover, the expansion would reduce the effective marginal tax rates (MTR) and thus provide work incentive for some low-to-middle-income taxpayers, although it would also raise the effective MTR and thus reduce the work incentive for some relatively high-income taxpayers.”
The state Senate and Assembly both passed the tax-cut package Thursday on largely party-line votes.
Gov. Tony Evers opposed the cuts, but has not said if he will sign or veto the bill.
Correction – According to Evers (WEAC-WEAC), it’s all WEAC’s money.
Liberals covet. covet. covet.
In the spirit of promoting impartial and unbiased enlightenment and knowledge, my wife and I just made donations to WPR and WPT in an amount double what our estimated tax cut windfall would be. The donations were made in hope that most of the followers of B&S would do the same. Please do.
Thanks, LeeeeeeeeeeeeeeeeeeeeeeeeeeeRoy, but my money goes to Pro-Life Wisconsin. And I would have $0.00 net benefit from the tax cut which Tokin’Tony just vetoed.