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Does Tony Evers want to use 10% of the Wisconsin state budget surplus to cut taxes? [1]

['Hope Karnopp', 'Wisconsin Watch', 'More Hope Karnopp', 'Reporting Intern']

Date: 2022-12-23 00:10:53+00:00

Reading Time: < 1 minute

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Yes.

Democratic Gov. Tony Evers has proposed to earmark $600 million of Wisconsin’s large surplus for tax relief. The state Department of Administration’s latest projections place Wisconsin’s surplus at around $6.58 billion.

Evers’ plan includes a 10% tax cut for “working families” — single filers making at or below $100,000 or joint filers making $150,000 and under. The average filer would save $221 a year; the median family of four would get at least a $375-a-year tax cut. If approved, the proposal would add on to the $3.4 billion in tax cuts passed in last year’s state budget.

Republican Assembly Speaker Robin Vos said he wants “significantly” more than $3.4 billion in tax cuts put into the next state budget. Senate Republicans are floating the idea of a flat income tax of 3.5% for everyone. Evers has already vowed to veto it, telling The Capital Times the move would give “tax breaks to people that, frankly, are our highest income folks.” The wealthiest Wisconsinites have a top tax rate of 7.65%.

Sources

State of Wisconsin | Office of the Governor Press Release: Gov. Evers Announces New Plan to Cut Taxes, Help Working Families Afford Rising Costs, Reduce Barriers to Employment

Wisconsin Department of Administration Agency Budget Requests and Revenue Estimates

AP News Vos wants ‘significantly’ more than $3 billion in tax cuts

Milwaukee Journal Sentinel Senate Republicans want to phase in a flat 3.5% income tax

Wisconsin Watch Wisconsin Gov. Tony Evers opposes GOP flat income tax cut plan

State of Wisconsin DOR Tax Rates

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If we send you a request to change or remove Wisconsin Watch content from your site, you must agree to do so immediately. You are welcome to republish our articles forusing the following ground rules. For questions regarding republishing rules please contact Andy Hall, executive director, at [email protected] Does Tony Evers want to use 10% of the Wisconsin state budget surplus to cut taxes? <h1>Does Tony Evers want to use 10% of the Wisconsin state budget surplus to cut taxes?</h1> by Hope Karnopp / Wisconsin Watch, Wisconsin Watch December 22, 2022 <h2>Yes. </h2> Democratic Gov. Tony Evers has proposed to earmark $600 million of Wisconsin's large surplus for tax relief. The state Department of Administration's latest projections place Wisconsin's surplus at around $6.58 billion. Evers' plan includes a 10% tax cut for "working families" — single filers making at or below $100,000 or joint filers making $150,000 and under. The average filer would save $221 a year; the median family of four would get at least a $375-a-year tax cut. If approved, the proposal would add on to the $3.4 billion in tax cuts passed in last year's state budget. Republican Assembly Speaker Robin Vos said he wants "significantly" more than $3.4 billion in tax cuts put into the next state budget. Senate Republicans are floating the idea of a flat income tax of 3.5% for everyone. Evers has already vowed to veto it, telling The Capital Times the move would give "tax breaks to people that, frankly, are our highest income folks." The wealthiest Wisconsinites have a top tax rate of 7.65%. Sources State of Wisconsin | Office of the Governor <a href="https://content.govdelivery.com/accounts/WIGOV/bulletins/32934a8" target="_blank" rel="noreferrer noopener">Press Release: Gov. Evers Announces New Plan to Cut Taxes, Help Working Families Afford Rising Costs, Reduce Barriers to Employment</a> Wisconsin Department of Administration <a href="https://doa.wi.gov/budget/SBO/2023-25%20Agency%20Budget%20Requests%20and%20Revenue%20Estimates.pdf" target="_blank" rel="noreferrer noopener">Agency Budget Requests and Revenue Estimates</a> AP News <a href="https://apnews.com/article/wisconsin-madison-amtrak-government-and-politics-taxes-4b5f28f4bed79be23649e7de412a94eb" target="_blank" rel="noreferrer noopener">Vos wants ‘significantly’ more than $3 billion in tax cuts</a> Milwaukee Journal Sentinel <a href="https://www.jsonline.com/story/news/2022/12/15/wisconsin-senate-republicans-eyeing-3-5-flat-income-tax/69731478007/" target="_blank" rel="noreferrer noopener">Senate Republicans want to phase in a flat 3.5% income tax</a> Wisconsin Watch <a href="https://wisconsinwatch.org/2022/12/wisconsin-gov-tony-evers-opposes-gop-flat-income-tax-cut-plan/" target="_blank" rel="noreferrer noopener">Wisconsin Gov. Tony Evers opposes GOP flat income tax cut plan</a> State of Wisconsin <a href="https://www.revenue.wi.gov/Pages/FAQS/pcs-taxrates.aspx#tx1b" target="_blank" rel="noreferrer noopener">DOR Tax Rates</a> This <a target="_blank" href="https://wisconsinwatch.org/2022/12/does-tony-evers-want-to-use-10-of-the-wisconsin-state-budget-surplus-to-cut-taxes/">article</a> first appeared on <a target="_blank" href="https://wisconsinwatch.org">Wisconsin Watch</a> and is republished here under a Creative Commons license.<img src="https://i0.wp.com/wisconsinwatch.org/wp-content/uploads/2021/02/cropped-WCIJ_IconOnly_FullColor_RGB-1.png?fit=150%2C150&quality=100&ssl=1" style="width:1em;height:1em;margin-left:10px;"><img id="republication-tracker-tool-source" src="https://wisconsinwatch.org/?republication-pixel=true&post=1274733&ga=UA-17896820-1" style="width:1px;height:1px;">

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