State Senate Republicans Advance GOP Tax Plan Favoring the Wealthy at the Expense of Working Families

MADISON, Wis. — Today, Republicans in the Wisconsin State Senate advanced a tax scheme that experts have warned would skew a majority of the benefits to the wealthiest, while completely ignoring average working families and the issues that Wisconsinites have demanded action on.

“Instead of using their first time back on the Senate floor in 2024 to address Wisconsinites’ most pressing concerns, like tax savings for middle class families or a solution to the current child care crisis, state Republicans are doing what nobody asked for: more tax giveaways to the wealthiest that leave working families behind,” said Lucy Ripp, communications director at A Better Wisconsin Together.

According to a news report on an analysis from the Institute on Taxation and Economic Policy (ITEP), the tax scheme passed by Assembly Republicans last fall and now advanced by Senate Republicans today will mostly benefit the top one-fifth of state taxpayers. Those with an average income of over $300,000 annually would reap roughly two-thirds of the benefits, with over 25% of the nearly $3 billion in estimated tax reductions going to the wealthiest 5%.

“While pushing a reckless tax scheme that has failed in the past and is likely to fail again, Republicans are ignoring other top priorities for Wisconsinites,” said Ripp. “It’s time to stop wasting precious time and resources on fiscally irresponsible distractions and start prioritizing every day working families.”

Call your legislator today at 1-800-362-9472 and urge them to stop putting their wealthy corporate donors over real solutions to issues facing Wisconsin families.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.