Politics & Government
3:41 pm
Tue March 18, 2014

Assembly OKs Governor's Plan to Cut Taxes

The Wisconsin Assembly voted 61-35 on Tuesday to pass Gov. Walker's proposed $504 million in tax cuts. The item now heads to his desk.

According to a fiscal analysis, the plan will reduce the average worker's income taxes by $46 and the tax bill on a median home by $131.

The governor is using a chunk of the projected $977 million state surplus, to lower taxes.

Most of the $504 million will go to Wisconsin's technical colleges, to replace lost property tax funding.The other $98 million will reduce the lowest income tax bracket from 4.4 to four percent.

The state Senate approved the changes earlier in March.