Governor Evers vetoed another middle class tax cut this week. The bill that passed with bipartisan support in the Assembly last week would have:
• Reduced nearly $250 million in income taxes for middle and lower income levels by increasing the sliding scale standard deduction by 13.2% for each filer. This would have resulted in an average savings of $106 per filer.
• Reduced personal property taxes for manufacturers.
• Paid off $100 million in general obligation debt.
• Add to the “rainy day” fund bringing the total to nearly $1 billion.
Governor Evers should have signed the bill that returns surplus dollars back to the taxpayers and pays down debt. Thanks to good budgeting and a growing economy, we have grown a sizable surplus and Wisconsin’s families should reap in our economic windfall. But for the second time this session, the governor is refusing to help middle and lower income taxpayers in Wisconsin and is intent on increasing government spending. …
The conservative budget that Governor Evers signed into law last year made the largest investment in K-12 schools in actual dollars and doubled the current funding for student mental health programs. Not one legislative Democrat voted for the budget that increased support for our schools.
The regular session of the state Assembly has concluded. We will likely return in May to attempt to override gubernatorial vetoes.
Madison’s taxpayer supported K-12 school district, despite spending far more than most, has long tolerated disastrous reading results.
In addition, Madison recently expanded its least diverse schools.