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CatholicEdHead

(9,740 posts)
Thu Jan 16, 2014, 12:02 AM Jan 2014

Walker to propose 'significant' tax cuts

No surprise, while there will probably be a decrease for everyday Wisconsinites, most of it will be towards the top. We will find out details next week, they should be all over the WI media, let's see what ALEC has in store for WI to beta test for a nationwide rollout.

http://www.sheboyganpress.com/viewart/20140115/SHE0101/301150388/Walker-propose-significant-tax-cuts
MADISON — Gov. Scott Walker plans to propose “significant” tax cuts in his State of the State address next week, reductions made possible by tax collections that far exceed earlier estimates, his spokeswoman said Wednesday.

Walker won’t reveal details until his speech on Jan. 22, but he is looking at property tax cuts and changing income tax withholding tables to immediately put more money into workers’ paychecks, his spokeswoman Jocelyn Webster said.

“I want all taxpayers to benefit from these surplus dollars,” Assembly Speaker Robin Vos said in a statement. He did not specify what Walker may propose.

Senate Majority Leader Scott Fitzgerald said in a statement that lawmakers would work with Walker to cut taxes as well as save some of the surplus. While Vos has been vocal in his support for using any surplus to cut taxes, Fitzgerald has been more cautious, saying some members of his caucus may want to put the money in savings or use it to address infrastructure needs such as road and bridge repairs....

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Walker to propose 'significant' tax cuts (Original Post) CatholicEdHead Jan 2014 OP
Its all the repukes got over and over and over again BootinUp Jan 2014 #1
The poor are too well off and the rich are being punished, according to Walker ... Scuba Jan 2014 #2
 

Scuba

(53,475 posts)
2. The poor are too well off and the rich are being punished, according to Walker ...
Thu Jan 16, 2014, 07:34 AM
Jan 2014
http://www.wisconsinbudgetproject.org/governor-walkers-tax-shift-plan-would-raise-taxes-for-most

Governor Walker has said he is interested in eliminating the state’s income tax and raising the sales tax to make up for lost revenue, a move that would result in a tax increase for all but the wealthiest taxpayers.

To replace the revenue lost by the income tax, the state sales tax rate would need to be raised to 13.5%, giving Wisconsin the highest state sales tax rate in the nation.

The tax shift endorsed by Governor Walker would mean the bottom 80% of taxpayers would be paying more in taxes – some of them, a lot more. For example, a taxpayer in the lowest 20% by income would pay nearly $750 more in taxes, on average. Taxpayers in the top 1% — a group with an average income of $1.1 million – would receive a tax cut averaging nearly $44,000.



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