Wisconsin Senate Passes Income Tax Cut
[Madison, WI] — On Thursday morning, the Wisconsin Senate passed a bill to cut taxes that includes a $250 million income tax cut for middle-class Wisconsinites. Additionally, the bill decreases the personal property tax faced by Wisconsin businesses by $40 million. Following the vote, Senate Majority Leader Scott Fitzgerald released the following statement:
“I’ve wanted to see a tax cut pass the Legislature since last fall. Thanks to responsible budgeting and a strong economy in Wisconsin, I am thrilled that we were able to pass both an income tax cut for hard-working Wisconsin families and a tax cut for the businesses of our state. Republican reforms over the last decade are working, and we’re continuing to trim the size of government while returning money to the taxpayers.
“I am hopeful that the governor will carefully examine this tax cut, like he told me he would when we met this week.”
The bill heads to the floor of the State Assembly later today, before heading to Governor Evers.
Senate Majority Leader Scott Fitzgerald (R-Juneau) represents the 13th Senate District, which covers portions of Dodge, Jefferson, Waukesha, Washington, Dane, and Columbia counties.