Two of the Republicans who write Wisconsin’s state budget say there’s no need to scrap plans for a tax cut simply because the state is expected to take-in less money next year.
The Legislative Fiscal Bureau this week downgraded its revenue estimate. The LFB says Wisconsin’s budget surplus should now be three-point-one billion, as opposed to three-and-a-half billion-dollars at the end of next summer. State Senator Howard Marklein and state Rep Mark Born say that is still plenty of money to pay for a two billion-dollar tax cut. That tax cut, they say, is aimed at families making under 150 thousand-dollars a-year, and retirees in Wisconsin.