Policy: Budgets & Deficits

Wisconsin Assembly to vote on Scott Walker's $504 million tax cut plan

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

MADISON, Wis. — The Wisconsin state Assembly plans to vote on Gov. Scott Walker's proposal to cut property and income taxes by $504 million.

The scheduled vote Tuesday comes even as Republican Senate Majority Leader Scott Fitzgerald has been critical of the Assembly moving ahead before the Legislature's budget committee has considered the bill.

Senate Republicans are pursuing changes to the proposal, specifically related to how much money is put in the state's rainy day fund, akin to a savings account, and how much is kept in the state's general fund, which acts like a checking account.

Democrats don't have the votes to stop the bill in the Assembly. They have been critical of how the tax cuts are structured, saying they don't do enough to help the middle class.

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