25°F
Sponsored by

Assembly approves Walker's tax cut plan

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.

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.

 "We believe it's their money.  Not our money, Mr. Speaker," said Rep John Nygren (R-Marinette). "And it's up to them to decide what to do with it - not us here in Madison."

 "What the speaker wants you to believe is that it's not in your interest to look at any alternatives," said Minority Leader Peter Barca (D-Kenosha). "He's told you to take out that rubber stamp and stamp whatever the governor told you to do."

 "We're going to put more money into the hands of hard working people all across the state - which will create more jobs and grow our economy even more," Vos said.

  The bill also places $117 million in the state's rainy day fund. Still Democrats call the plan fiscally irresponsible, because it does not do enough when it comes to job training and it increases the state's structural deficit.

 "You guys might be the only ones in the world who can take a $912 million surplus and put us in worse financial shape," Hintz said.

 However, after four hours of debate - the bill was passed - headed now to the Senate.

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."

Page: [[$index + 1]]
comments powered by Disqus
Find more Local News Feeds here:
facebook.pngtwittericon.pngrss-icon.png