Governor walker announces plan to cut middle class taxes.
From tonight's address:
With this in mind, I am pleased to announce an income tax cut of $343 million. You, the hardworking taxpayers of this state helped to create the budget surplus, so it is only right that we put more money back into your hands. Over the next decade, this will lower income taxes $1.7 billion.
We reversed the trend in Wisconsin in the last budget when we lowered the overall tax burden. Now we are lowering taxes on middle class taxpayers, by specifically reducing the rates for the middle- and bottom-three tax brackets. This will ensure a tax cut for everyone with the focus on making Wisconsin more competitive for middle class taxpayers and small businesses. This will truly stimulate the economy...