MADISON, Wis. (AP) — Income taxes for the average person in Wisconsin would be cut by $105 under a Republican proposal that lawmakers plan to vote on next week and quickly send to Democratic Gov. Tony Evers.
The nearly $250 million income tax cut is the largest part of the GOP plan announced Friday. It also would reduce personal property taxes paid by businesses by nearly $45 million and cut general state debt by $100 million.
Republicans are tapping some of the state’s projected $620 million budget surplus to pay for the tax cuts. Evers faulted Republicans for not spending more on schools.
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