Senator Agard Reacts to Regressive GOP Flat Tax Proposal

MADISON – Today, legislative Republicans introduced legislation to create a flat tax of 3.25% in Wisconsin. Senate Democratic Leader Melissa Agard (D-Madison) released the following statement:

“Wisconsinites rejected a flat tax when they re-elected Governor Evers with an even larger margin than in 2018. It’s clear that people do not want these outdated trickledown economics that have shown to be a policy failure time and time again. A flat tax is highly regressive and would overwhelmingly benefit the richest people in our state. It is shocking that Republicans believe we should be giving millionaires a $2.5 billion dollar tax cut at the expense of needed services. Under this policy, anyone making over $1 million dollars per year would see an average annual state tax reduction of $112,167 when fully phased in.

“A memo from the non-partisan Legislative Fiscal Bureau also shows that this policy would create a $5 billion dollar shortfall in revenues for our state. So for those keeping score – that’s more money for millionaires and less for our public schools, roads, and health care. Senate Democrats will resoundingly reject this flat tax scheme.”

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.