Wisconsin’s Republican lawmakers are proposing sizeable income tax cuts.
Yesterday, the state budget committee introduced measures to reduce the income tax burden on residents by a total of three-and-a-half-billion dollars. The plan would shift tax brackets, going down from four brackets to three, with all seeing a rate reduction. GOP legislators are also holding their position on the University of Wisconsin System budget; planning to cut funding by 32-million dollars over UW leaders’ intended investments in diversity, equity, and inclusion programs.
