- You can still feel the divide between Democrats and Republicans from the budget Governor Walker signed Sunday.Now that it's official, Walker is selling the positives of his budget.Tuesday, Walker spoke in Rhinelander. He talked about about programs meant to bring tourists to the Northwoods, but that wasn't his main point.
Instead, he focused on the coming $650 million income tax cut for Wisconsin citizens and small businesses. "The vast majority of employers in the state, which are small business, will see an income tax cut because they pay income taxes, not corporate taxes," Walker said. "This is a great budget for small businesses and individuals all across the state of Wisconsin."But one group thinks the cut could be too much. The Wisconsin Taxpayer Alliance said Tuesday that the budget under-funds the state's savings account, also known as a rainy day fund. Walker says his administration has done the opposite. "We have added for the first time in state history, three consecutive times, since I have been governor, to the rainy day fund," Walker said. "It's one of the highest amounts we've had in the past." Walker put $108 million in the fund in October. But a June Reuters article said states like Wisconsin, with low rainy day funds, could be vulnerable in another economic downturn.
Written By: Adam Fox