This post originally appeared at https://www.bootsandsabers.com/2023/08/30/wisconsin-republicans-propose-tax-cut/?utm_source=rss&utm_medium=rss&utm_campaign=wisconsin-republicans-propose-tax-cut

Yes. Pass it. Evers probably won’t sign it, but Republicans should keep passing spending and tax cuts to keep focus on the fact that Evers refuses to give taxpayers any relief.

Republicans called for tapping the state’s projected $4 billion budget surplus to pay for the tax cut, which would lower the state’s third income tax bracket from 5.3% to 4.4% and exclude the first $150,000 of a couple’s retirement income from taxes. That would apply to people over age 67.

The income tax cut would mean that taxes for income between $27,630 and $304,170 for individuals, and between $36,840 and $405,550 for married couples, would drop from 5.3% to 4.4%. Every joint filer earning between $18,420 and $405,550 would be taxed at the same 4.4% rate.

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