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Assembly to consider state income tax cut

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The Wisconsin state Capitol Building in Madison is seen in this undated photo.
The Wisconsin state Capitol Building in Madison is seen in this undated photo.

MADISON (WSAU)  Wisconsin Assembly Republicans say they’ll push for a middle-class income tax cut in the new session that begins Monday. Incoming Speaker Robin Vos tells the Milwaukee Journal Sentinel that majority GOP leaders favor cutting the tax rate for persons and families making $20,000 to $200,000 a year.

Most married couples who file joint returns in that income range pay six-and-a-half percent of their incomes to Madison. Vos did not say how much of a reduction he and other Republicans would seek.

He did say that too many state tax credits have been created – and the G-O-P wants to eliminate some tax breaks for specific business sectors that did not generate their intended economic boosts.

Vos also told the Journal Sentinel he wants a full examination of state regulations, with the goal of making life easier for Wisconsin businesses. He said the Assembly committee chairs will review their specific areas to determine where rules can be eliminated – or made simpler.

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