The top earners in Wisconsin who pay more in income taxes would likely receive the majority of a $444 million proposed cut to taxes and fees that would more than double Gov. Scott Walker’s tax cut plan over the next two years, according to both an academic and the plan’s author.
The plan unveiled Tuesday by Rep. Dale Kooyenga (R-Brookfield) would be among the biggest overhauls of the state’s income tax in decades, and lawmakers have just seven days to examine it and decide whether to include it in the version of the 2013-’15 budget that will be voted out of the Legislature’s budget committee next week. Because it is phased in over time, the plan would add hundreds of millions of dollars in additional tax saving — and an equal amount to a potential financial shortfall — in the 2015-’17 budget.
When will Republicans learn that policies that have failed more than once in the past aren’t likely to end in success if implemented again?
A tax cut for Wisconsin’s wealthiest wage earners isn’t likely to stimulate Wisconsin’s flagging economy, and it’s equally unlikely to improve our fair state’s dismal job creation record under Gov. Scott Walker. If Scott Walker and the rubber-stamp Republicans in Wisconsin’s legislature wanted to get serious about stimulating Wisconsin’s economy and creating jobs, they’d stop their war on Wisconsin’s middle class and public employees, because it’s folks in the middle class here in Wisconsin (like so many public employees) who stimulate the economy and thus create jobs.