In the wake of Governor Tony Evers’ gutting of a historic tax cut proposal earlier this summer, Republicans are pushing another plan they said would deliver nearly $3 billion in tax relief for retirees and the middle class.
Conservative lawmakers said the plan to tap into the state’s projected $4 billion budget surplus is a “second chance” for the liberal governor to “do the right thing” and return overpaid tax dollars back to Wisconsin’s taxpayers.
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Wisconsin state tax collections over the next three years are projected to come in more than three-quarters of a billion dollars lower than expected, according to a new report from the Legislative Fiscal Bureau.
Republican lawmakers say the revised projections further underscore their efforts to remake a more fiscally responsible biennial budget out of Democrat Governor Tony Evers’ big-spending proposal.
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As the Wisconsin Legislature considers sweeping tax cuts, a new report finds a flat tax would yield substantial benefits for all.
The report, published by the Badger Institute, notes single-rate reform to Wisconsin’s costly progressive tax system would spur faster economic growth, creating more jobs and more investment — all while lowering the burden on Badger State taxpayers.
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Forget the ax, the Legislature’s budget-writing committee is about to take dynamite to Governor Tony Evers’ record $104 billion budget proposal.
The Democrat’s 2023-25 budget blueprint seeks a 24 percent spending increase over the biennium, funding a long list of liberal policy initiatives and grow government agenda items.
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In his fifth State of the State address Tuesday evening, Gov. Tony Evers began laying out how he plans to use Wisconsin’s $6.6 billion surplus, pitching a spending bender of big government initiatives already with a price tag to date of around $1.3 billion.
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Wisconsin Governor Tony Evers on Thursday released his plan to spend the 2.9 billion surplus the state has due to increased tax revenue and federal coronavirus relief funds.
The Democrat takes $1.7 billion to distribute directly to residents of the state through $150 payments. Furthermore, $131.8 million will grant tax breaks to certain caregivers and families.
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