Senate Majority Leader Devin LeMahieu
Senate Majority Leader Devin LeMahieu of Oostburg recently released an updated memo from Legislative Fiscal Bureau detailing the cumulative tax savings for Wisconsin taxpayers since 2011.
The memo showed that a total of just shy of $22 billion in tax reductions were issued between 2011 and the 2021-23 state budget.
During that time, the tax burden on Wisconsinites dropped at the fastest rate in the nation since 1999.
Despite consistent tax cuts and the massive drop in overall tax burden, state revenues continue to rise due to strong economic growth.
The recently projected surplus of $3.8 billion is the largest in state history.
LeMahieu responded to this news by saying, “This is an incredible success story for hard-working taxpayers. The Legislature will continue our work to reduce the tax burden and the size of government so the people of Wisconsin can keep moving our state Forward.”
