Marklein Champions Middle Class Tax Cut for Working Families Tax Relief
Madison, WI – Senator Howard Marklein (R-Spring Green) led the Joint Finance Committee’s (JFC’s) efforts to pass a tax cut for the Middle Class in the state budget today to provide tax relief for working families.
“Our $400 million tax cut is designed to reach the middle class of Wisconsin. This tax cut will have the most impact on those who make up to $150,000 per year. This makes up 89% of all filers who will receive 86% of the tax cut,” Marklein said. “This tax cut is for the hard-working men and women who got up this morning, packed a lunch and headed off to make our economy strong. It is for the moms and dads who will come home from work tonight and volunteer to coach their kids’ team, mow the lawn or make dinner.”
The Middle Class Tax Cut for working families will condense the two lowest tax brackets. The majority of the impact is targeted to reach middle income earners. The tax cut is funded through existing resources, tax law reforms for online retailers and ongoing positive results of responsible budgeting and reforms.
“The Middle Class Tax Cut for working families is simple. It uses existing resources. It is the right thing to do,” Marklein said. “Overall, our budget is good for everyone in Wisconsin. We have listened to the people of Wisconsin and funded our priorities while decreasing the tax burden on hard working families.”
“Overall, this is a very good budget for Wisconsin, especially the rural communities I represent. In the 17th Senate District – like most of rural Wisconsin – nine hospitals, 34 school districts, two prisons, three university campuses and four technical college districts are happy with our budget. Nursing homes, Personal Care workers, Farmers, Employers, Taxpayers and roads are taken care of,” Marklein said.
“We funded our priorities and we did it within our means.”
Marklein represents the 17th Senate District, which includes all or parts Grant, Green, Iowa, Juneau, Lafayette, Monroe, Richland, Sauk and Vernon counties. Marklein serves on the legislature’s budget-writing Joint Finance Committee and is Chair of the Senate Committee on Agriculture, Revenue & Financial Institutions.