After a season of spending, the Wisconsin Legislature is finally getting around to talking tax cuts. Perhaps Republicans have saved the best for last.
The Republican-controlled Joint Finance Committee put the finishing touches on a complete rewrite of Democrat Governor Tony Evers’ 2023-25 state budget proposal, passing a tax reform package that promises to deliver $3.5 billion in income tax cuts and nearly $800 million in property tax relief.
The prospects for Wisconsin’s shared revenue plan got a bit dimmer Thursday after the top Republican in the State Senate said his half of the legislature wants a slightly different plan of their own.
Senate Majority Leader Devin LeMahieu told reporters Thursday morning that the Senate will hold some public hearings, then vote on a version of the shared revenue proposal that Senators agree upon.
Republican leadership is blasting Governor Tony Evers for threatening to kill a bill that would boost state shared revenue and bail out financially troubled Milwaukee.
The liberal governor, however, isn’t the only critic of the legislation that pours hundreds of millions of dollars of new taxpayer revenue into Badger State towns, villages, cities and counties.
Republican lawmakers this week unveiled a shared revenue plan that would boost state funds for counties and municipalities and give authority to fiscally troubled Milwaukee and Milwaukee County to set and boost sales taxes.
But will taxpayers around the Badger State be forced to pay for Milwaukee’s mistakes?
Wisconsin’s governor says he wants to provide local governments with more state money next year. But he’s not saying how he plans to convince Republican lawmakers to go along.
During a series of interviews and appearances this week, Gov. Tony Evers reiterated that increasing shared revenue is one of his top priorities in the New Year.