Assembly set to vote on GOP tax cut plan
MADISON, Wis. (AP) — Wisconsin Republicans are moving closer to passing their tax cut plan on to Democratic Gov. Tony Evers.
The Assembly is set to vote on the proposal Tuesday afternoon. Approval would send the legislation to the Senate, which is scheduled to convene Wednesday. But the plan looks doomed.
The bill calls for tapping a budget surplus to pay for a $340 million annual tax cut for middle- and low-income single and joint filers. Evers has signaled he won’t sign a bill that backfills the lost revenue with the surplus.
He has revealed his own plan that calls for cutting taxes by about $415 million per year. The governor would cap a Republican-authored manufacturing tax credit to pay for half of the cut. He hasn’t said how he’d fund the other half.