MADISON, Wis. (WFRV) Governor Scott Walker's $500 million tax cut plan is headed to the Senate. The Assembly approved the measure after four-long hours of debate in Madison.
The vote went along party lines as the plan proposed by Walker- moves even closer, to becoming a reality.
On the Assembly floor, where Republicans hold the majority, debate over how to proceed on Scott Walker's proposed $500 million tax cut.
"Assembly Republicans are going to fulfill our promises to tax payers," said Assembly Speaker, Robin Vos (R-Rochester).
"Every decision we make in this body should be 'how can we best grow the economy?" said Rep. Gordon Hintz (D-Oshkosh). "Instead we're doubling down with the same trickle down policies that have failed us."
At issue, how to use a roughly $900 million state surplus projected through June 2015. Walker's plan - return it to taxpayers - through property and income tax cuts. Under Walker's bill, income taxes would be reduced an average $46 per taxpayer. The typical homeowner would save $131a year. As expected, there were differing opinions from both sides.
After the vote Governor Walker issued a statement saying "The purpose of our plan is to deliver significant property tax and income tax relief to the entire state, and I hope to sign it into law soon."