Policy: Budgets & Deficits

Deal apparently reached on Gov. Scott Walker's tax cut plan

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Associated Press,Taxes,Wisconsin,Budgets and Deficits,Scott Walker

MADISON, Wis. (AP) — Republican state senators appear to have reached agreement on Gov. Scott Walker's $504 million property and income tax cut plan, scheduling a vote Wednesday in the Legislature's budget committee to approve the bill.

Discussions in the Senate have revolved around whether to keep $100 million in the state's rainy day fund, which is akin to a savings account, or move it into the general fund, or checking account.

Rep. John Nygren, the Republican co-chair of the Joint Finance Committee, says he doesn't know what senators have agreed to. But he said Tuesday that there has been no talk of actually changing the tax cuts as proposed.

Messages left with Senate Majority Leader Scott Fitzgerald and Sen. Alberta Darling, the committee's other co-chair, were not immediately returned.

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