- Half a billion dollars in tax cuts will become law today.Governor Scott Walker will sign his tax cut bill at a farm in Shawano County. He'll sign the legislation at Horsens Homestead Farms in Cecil. The bill gives a large chunk of the state's 977-million dollar surplus to property and income tax cuts. It sends 406-million to technical colleges to reduce their property tax hit.
Income taxes will be cut by nearly 99-million. For taxpayers, the measure means a 131-dollar tax reduction for a typical home.The average worker will save 46-dollars in annual income taxes.Democrats criticized the bill as an election year gimmick. Walker faces re-election in November. (Copyright 2014 Associated Press - All Rights Reserved)
Written By: Associated Press