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NEWS STORIES

Tax cut plan due for Assembly voteSubmitted: 03/18/2014
Story By Associated Press

MADISON - Assembly Republicans should soon put the finishing touches on Governor Scott Walker's 504-million dollar tax cut plan.

The chamber is set to vote on the measure today.

The Senate has already passed the package.

Assembly approval would send it to Walker for his signature.

Walker wants to use a portion of the state's projected 977-million dollar surplus to fund property and income tax cuts.

He introduced a bill in January that would send 406-million to technical colleges to reduce their property tax hit.

It would also cut income taxes by 98-million by reducing the lowest bracket from 4 point 4 percent to 4 percent.

The end result would be a 131-dollar reduction to a typical home's tax bill this December.

The average worker would save 46-dollars a year in state income tax.

(Copyright 2014 Associated Press - All Rights Reserved)


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