fbpx

Proposed Flat Tax Before State Senate

Proposed Flat Tax Before State Senate

 A proposed flat income tax is now before the State Senate and Governor Tony Evers opposes it. 

Senate Majority Leader Devin LeMahieu introduced the three-point-five percent income tax proposal on Friday.  LeMahieu’s bill would phase in the flat tax by 2026, ending the current progressive income tax rates that range from three-point-54 percent to seven-point-65 percent. 

Evers tweeted on Friday that tax relief should be targeted to the middle class to, as he put it, “give working families a little breathing room, not to give big breaks to millionaires and billionaires.”   LeMahieu argues that the flat tax would make Wisconsin more competitive and help the state’s economy.

Leave a Reply

Your email address will not be published. Required fields are marked *