Gov. Scott Walker
Press Release

Governor Walker Joins Vice President Pence in Milwaukee to Talk Tax Relief for Wisconsin’s Hardworking Families

"Since 2011, we have provided more than $8 billion in cumulative tax relief at the state level for Wisconsin’s hardworking families."

By - Apr 25th, 2018 05:57 pm

MILWAUKEE – Governor Scott Walker joined Vice President Mike Pence at the America First Policies ‘Tax Cuts to Put America First’ panel in Milwaukee today to discuss the positive impact that state and federal tax relief initiatives are having on Wisconsin families.

“Since 2011, we have provided more than $8 billion in cumulative tax relief at the state level for Wisconsin’s hardworking families,” said Governor Walker. “This includes our $100-Per-Child Tax Rebate, the August Back-To-School Sales Tax Holiday, and the elimination of Wisconsin’s state property tax. And now, thanks to the federal government’s largest tax overhaul in a generation, the typical Wisconsin family of four is set to save an additional $2,508 annually. That’s real money for real people.”

Through the end of the 2017-19 state budget, the cumulative impact of savings to Wisconsin taxpayers will exceed $8 billion. Plus, for the first time since 1931, there is no Wisconsin state property tax: 100% of Wisconsin’s property taxpayers saw a 100% reduction in their state property tax bill. According to the nonpartisan Legislative Fiscal Bureau, both property and income taxes will be lower in 2018 than they were in 2010.

The Federal Tax Cuts and Jobs Act was passed by the U.S. House and Senate on December 20, 2017, and signed into law by President Donald Trump on December 22, 2017. It is the largest tax law change since the tax cuts signed into law by Ronald Reagan in 1986.

The law makes a number of substantial changes to America’s tax system, including:

  • Doubling the Child Tax Credit (CTC) from $1,000 to $2,000, with $1,400 of that being refundable.
  • Reducing individual income tax. Previously, the seven brackets were 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. Under the new act, the brackets are 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
  • Nearly doubling the standard deduction. Previously, the deductions were $6,350 (single) and $12,700 (married filing jointly). Now, the deductions are $12,000 (single) and $24,000 (married filing jointly.).
  • Effectively repealing the Affordable Care Act individual mandate by reducing the penalty to $0 in 2019.

The Wisconsin Department of Revenue has determined that married joint filers with two children at home and a median adjusted gross income for a family of four will see an annual tax decrease of $2,508.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

Mentioned in This Press Release

Recent Press Releases by Gov. Scott Walker

Governor Walker Orders Flags to Half-Staff Honoring Master Sergeant Jonathan Dunbar

Governor Scott Walker ordered flags to half-staff on Saturday, April 14, 2018.

Governor Walker Orders Flags to Half-Staff as a Mark of Respect for Captain Christopher Truman of the Lake Mills Fire Department

Captain Truman died on December 31, 2018, while selflessly assisting a driver of a crashed vehicle on Highway 12 near the Yahara River Bridge in Monona, Wisconsin.

Governor Walker Appoints St. Croix County Judge and Ashland County District Attorney

Governor Scott Walker today appointed Attorney Scott J. Nordstrand to serve as a judge on the St. Croix County Circuit Court and Attorney David Meany to the position of Ashland County District Attorney.

Comments

  1. Terry says:

    Lies lies lies lies and more lies from the lying liar Republicans. Wisconsin still has higher taxes than “socialist” Minnesota where the roads are actually paved, schools are funded, there is a functioning affordable health care system because the state didn’t sabotage the ACA like Walker and Republicans did and there is a huge budget surplus! Lol, Wisconsinite’s are such suckers. Keep lapping up Walker’s lies Wisconsin while your state circles the drain…

    Dump Walker 2018

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us