Gov Evers’ Middle Class Tax Cut is the Best Option

 

MADISON – Today, at a joint public hearing of the Assembly Committee on Ways and Means and the Senate Committee on Agriculture, Revenue and Financial Institutions, Senator Jeff Smith (D-Brunswick), the ranking Senate Democrat on the committee, expressed his concerns regarding the GOP’s unfunded spending plan for a middle class tax cut. 

 

“Governor Evers’ middle class tax cut is the only responsible plan to put people before politics,” said Senator Jeff Smith. “I’m encouraged to see Republicans join Governor Tony Evers’ call for a middle class tax cut, but their hastily crafted plan creates an unacceptable future budget deficit.”

 

Governor Tony Evers’ plan and the Republican spending plan (Senate Bill 18/Assembly Bill 4) both offer a middle class tax cut. Discussion during the hearing centered on how the two plans are funded. Governor Evers’ plan is fully funded by capping corporate manufacturing tax credits. The Republican spending plan increases deductions for the middle class, but without funding the plan, lawmakers are worried it will lead to a structural deficit in future budgets."

 

“For the past several years, the middle class has paid for the Republicans’ ill-conceived tax credits while also experiencing massive cuts to public education and unsustainable transportation debt,” Sen. Smith said. “Governor Evers’ plan provides the tax relief the middle class needs, scales back handouts to corporations and holds the line on future cuts to Wisconsin schools, roads and health care.” 

 

The 31st Senate District includes all of Buffalo and Pepin counties and portions of Trempealeau, Pierce, Dunn, Eau Claire, Chippewa and Jackson counties.

 

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