Rep. Stafsholt Applauds the Approval of Middle-Class Tax Cut Proposal
$344 Million Will Be Returned to Wisconsin Taxpayers
New Richmond – Yesterday, Representative Rob Stafsholt (R - New Richmond), along with his legislative colleagues, approved a proposal that would return $344 million to hard working, middle-class families. Assembly Bill 4 includes reductions in state income taxes for individuals making less than $100,000 and families earning less than $150,000.
“Reducing the tax burden for the hardworking citizens of Wisconsin has been a top priority of mine since taking office last session,” said Representative Stafsholt. “Due to our common sense budgeting initiatives in the past, the legislature is able to return unused dollars to the taxpayers.
Wisconsin recently ended the year with a $588 million surplus. Governor Tony Evers campaigned to reduce income taxes for median income families, but he wants to fund those reductions on middle class families by raising taxes in other areas. The proposal put forward this week uses a surplus of tax revenue to pay for that same income tax reduction.
“I, along with my colleagues, have found a way to cut middle class taxes without putting the burden on family farmers and manufactures,” said Representative Stafsholt. “The legislation approved this week works towards the public request for compromise and bipartisanship, in a way that moves Wisconsin forward. I have always promoted common sense leadership, and raising taxes to cut taxes just doesn’t make sense. It is my hope that Governor Evers and my Senate colleagues, including our own Senator Patty Schachtner, join me in supporting this common sense compromise. Taxpayers and their families deserve every cent made possible with this tax cut.”
On Tuesday, the AB 4 was approved with a vote of 61-33.
Representative Stafsholt represents the 29th Assembly District, which includes portions of eastern St. Croix County and western Dunn County.