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Politics & Government
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.