Joint Finance Committee Budget Includes $322-Million Tax Cut

The Wisconsin Legislature’s Joint Finance Committee voted along party lines today (Thursday) to approve a two-year budget that includes a 322-million-dollar tax cut.  The G-O-P plan would cut taxes on the average taxpayer by about 75 dollars per year.  The proposal is less than the half size of Governor Evers’ 833-million-dollar tax cut and the budget rejects many of the Democratic governor’s top priorities.  Republicans also passed a separate bill that uses internet sales tax collections to reduce income tax by another 157-million dollars.  The G-O-P committee also refused to support Evers’ new child care tax credit which would have saved parents about 10-million dollars a year.