24 January 2014
Governor
Walker Gives State of the State Address
This past
Wednesday, January 22, Governor Walker gave the annual State of the
State address, and laid out a
Blueprint for Prosperity to keep putting Wisconsin’s economy
back on track. I am encouraged by what I heard in the Governor’s speech:
returning tax dollars to the taxpayers, increasing technical education
funding, and investing in programs to help disabled workers find
employment. When I ran for office, my primary goals were to lower taxes,
develop jobs, and balance the budget. A
recent report from the nonpartisan Legislative Fiscal Bureau
projects that our general fund balance at the end of the biennium will
be $912 million more than originally projected – our reforms are
working!
This surplus
comes from you, the taxpayers, who sacrificed this past biennium, so it is
only right that this extra money goes back to the taxpayers. The taxpayer
has always been a better steward of the tax dollar than the government. The
proposed income tax cut targets the lowest income tax bracket, helping
families most in need to get back on their feet after the economic downturn.
Governor Walker’s tax proposal includes:
·
• Property tax reduction by over $406 million
• Income tax reduction by nearly $100 million – all of which will go
into reducing the lowest level income tax bracket
• Withholding tax reduction by $322.6 million
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