MADISON, Wis. — 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.
It’s unclear whether Evers supports any of the tax cuts.
COPYRIGHT 2020 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.