Wisconsin Assembly Republicans propose $3 billion tax cut targeting middle class

  • by:
  • Source: Fox News
  • 08/30/2023

Wisconsin Assembly Republicans on Tuesday proposed a nearly $3 billion tax cut targeting the middle class, but it's unclear whether Democratic Gov. Tony Evers is on board after he vetoed a similar tax cut just last month.

"We’re giving the governor a second chance to do the right thing," Rep. Mark Born, co-chair of the Legislature’s budget-writing committee, said at a news conference announcing the plan.

Republicans called for tapping the state's projected $4 billion budget surplus to pay for the tax cut, which would lower the state's third income tax bracket from 5.3% to 4.4% and exclude the first $150,000 of a couple's retirement income from taxes. That would apply to people over age 67.

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