Wisconsin GOP leader proposes flat income tax; Evers opposes

  • by:
  • Source: AP NEWS
  • 01/24/2023
The Republican leader of the Wisconsin Senate proposed implementing a flat 3.25% income tax rate on Friday, a plan that Democratic Gov. Tony Evers has vowed to block  saying it benefits the wealthy over the middle class. 
 

The conflict comes as both sides say they want to tap a nearly $7 billion state budget surplus to lower taxes. Evers has also listed other costly priorities that will compete with cutting taxes, including increasing funding for K-12 public schools and giving local governments more money.

Republican Senate Majority Leader Devin LeMahieu’s proposal, which he circulated for co-sponsors on Friday, would phase in a flat income tax rate of 3.25% by 2026. Each of the brackets would gradually decrease over that time before becoming one. Income tax rates are currently split into four brackets, ranging from 3.54% for those earning up to $12,760 to 7.65% for those earning more than $280,950.

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