The Republican leader of the Wisconsin state Senate plans to propose Friday moving to a 3.25% flat income tax rate, a roughly $5 billion proposal that Democratic Gov. Tony Evers has vowed to block.
Gov. Tony Evers vetoed a Republican-authored $250 million income tax bill on Wednesday at an elementary school in Wauwatosa, arguing that the Legislature should instead back his plan to spend more on education.
The Wisconsin Legislature is hurtling toward the end of its two-year session with various prominent bills still in limbo, including a plan to reduce income taxes by $250 million, a plan to allow bars to stay open until nearly dawn during the Democratic National Convention and a bill to ban anyone under age 21 from vaping.
Wisconsin's Republican-controlled Legislature on Thursday sent a plan to reduce income taxes by $250 million to Gov. Tony Evers, who appears likely to veto it.
The Wisconsin Senate voted along party lines Thursday to pass a Republican plan to reduce income taxes by $250 million, setting up a vote later in the day in the Assembly to send the plan to Democratic Gov. Tony Evers.
Republican lawmakers are beginning a last-minute push on Monday for a plan to reduce taxes by $250 million with a public hearing and vote in the Legislature's powerful finance committee.
Republicans who control the Wisconsin Legislature released a plan for a nearly $250 million income tax cut on Friday, a proposal they plan to vote on next week and quickly send to Democratic Gov. Tony Evers.
Republican leaders in the Wisconsin Legislature said Wednesday that they are looking at using some of a state surplus to reduce income and property taxes while also paying down debt, although the details of they what they might put forward remain in flux.
For the eighth year in a row in 2019, Wisconsinites saw a decrease in the share of their incomes they pay in state and local taxes, dropping this measure of the collective tax burden to its lowest point in a half century.
With a little over one month to go in 2019, small-business owners should think about purchases or investments that make good business sense and will give them a break on their taxes.