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.
- Nagy, Bears name Trubisky starter for Sunday against Packers
- Illinois, Ohio State cancel game following positive COVID-19 tests
- How to get “Custom Made” during COVID? Support Small Business Saturday.
- Santa Claus has arrived at CherryVale Mall
- Nicholas Conservatory’s luminary event honors local lives lost in 2020
Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.