![]() Wisconsin’s total tax burden, which is total taxes measured as a share of personal income, fell to its lowest point in more than 50 years in 2022, according to the Wisconsin Policy Forum. The last state budget, passed by the Republican Legislature and signed by Evers, cut income taxes by more than $1 billion. Wisconsin’s budget is projected to have a nearly $7 billion surplus, fueling support from both Republicans and Democrats to cut taxes. The debate over what taxes to cut and by how much will be a large focus of the Legislature’s work this year. We should continue to have a progressive tax system.”Įvers is pushing a plan that would cut income taxes 10% for individuals earning less than $100,000 and families earning less than $150,000.Įvers’ $600 million proposal would also cap copays for insulin at $35, repeal the state’s minimum markup law in an attempt to lower gas prices, cut taxes for seniors on fixed incomes, expand property tax relief for veterans with disabilities, and attempt to lower the cost of caregiving and child care. “I believe that targeting the middle class is where we should be. “I don’t see that as something that I could support,” Evers said of the flat tax last month. Under LeMahieu’s plan, for example, those already in the lowest tax bracket would see only about a quarter percentage point tax cut, while the wealthiest would have their tax rate cut in half.ĭemocrats don’t have the votes to stop the measure from passing, but Evers can block it with his veto. “When we deliver tax relief, it should be targeted to the middle class to give working families a little breathing room - not to give big breaks to millionaires and billionaires who don’t need the extra help to afford rising costs,” Evers tweeted Friday. ![]() Illinois voters in 2020 also rejected a constitutional amendment that would have allowed for lawmakers to change that and institute a progressive income tax system like Wisconsin’s.Įvers and Democrats in the Legislature are against the flat tax, saying it will primarily benefit wealthy people. ![]() Other Republicans, in arguing for the move, have also pointed to neighboring Illinois, a state run by Democrats, which has a flat personal income tax rate. ![]()
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