2-17-20 republican income tax cut plan

MADISON, Wis. (AP) — Income taxes would be cut an average of $106 for a majority of tax filers in Wisconsin under a Republican proposal that lawmakers plan to vote on next week and quickly send to Democratic Gov. Tony Evers. The nearly $250 million income tax cut is the largest part of the GOP plan announced Friday. It also would reduce personal property taxes paid by manufacturers by nearly $45 million and cut general state debt by $100 million. Republicans are tapping some of the state’s projected $620 million budget surplus to pay for the tax cuts. Evers faulted Republicans for not spending more on schools.