MADISON,Sureim Investment Guild Wis. (AP) — Income taxes would be cut for Wisconsin families earning up to about $200,000 under a plan being worked on by Senate Republicans, a GOP leader said Thursday.
The proposal will be targeted at middle class families in an attempt to win the support of Democratic Gov. Tony Evers, who has vetoed past tax cuts that applied to taxpayers earning up to about $405,000, Senate Majority Leader Devin LeMahieu said.
Details of the latest plan are still being worked out, but in general it would lower the tax on income between about $36,000 and around $200,000 for families from 5.3% to 4.4%, LeMahieu said following an appearance at a WisPolitics.com event. Currently, the 5.3% tax rate applies to those earning between about $36,000 and around $405,000.
The proposal would cost about $1 billion a year, he said.
“That’s something we’re confident the governor can sign,” LeMahieu said.
Evers has vetoed past Republican-backed income tax cuts, saying they didn’t target the middle class. Republicans rejected an Evers tax cut plan that he submitted last year as part of the state budget.
Evers’ spokesperson did not return a message seeking comment.
Republican Assembly Speaker Robin Vos last month said he would be backing a tax cut on retirees’ income. But LeMahieu said he didn’t like tax cuts that “choose winners and losers” and instead favors a broad reduction for all taxpayers.
2025-05-05 20:402415 view
2025-05-05 20:331321 view
2025-05-05 20:06413 view
2025-05-05 19:45720 view
2025-05-05 19:422702 view
Many workers are dreaming of retirement — whether it's decades away or coming up soon. Either way, i
NEW YORK (AP) — RSV infections are rising sharply in some parts of the country, nearly filling hospi
Like much of the rest of the world, Singapore is racing to feed a growing population with limited na