![]() Wealthier payers will also benefit from the cuts but must continue to pay higher rates on income that exceeds those limits.Įvers was unable to undo the $32 million cut to the University of Wisconsin, which was funding that Republicans said would have gone toward diversity, equity and inclusion - or DEI - programming and staff. The remaining $175 million in tax cuts over the next two years are directed to the lowest two tax rates, paid by households earning less than $36,840 a year or individuals who make less than $27,630. Republicans proposed tapping nearly half of the state's projected $7 billion budget surplus to cut income taxes across the board and reduce the number of brackets from four to three.Įvers kept all four brackets. Vos did not say if Republicans would attempt veto overrides, an effort that is almost certain to fail because they would need Democratic votes in the Assembly to get the two-thirds majority required by state law. “Unfortunately, because of his powerful veto authority, he reinstated some of it today.” “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda," Vos said in a statement.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |