Tuesday, February 11, 2014

2-12-14 assembly approves governor's tax cut plan

MADISON, Wis. (AP) — The state Assembly has passed Gov. Scott Walker's $504 million property and income tax cut plan on a bipartisan 62-37 vote.  The vote Tuesday now sends the bill to the Senate, where Republicans in control there have said they want to make changes to how much money is put into savings while not significantly altering the tax cuts.  Before passing the bill the Assembly rejected a Democratic alternative that called for spending more on job training and reducing property taxes.  Republicans say they support Walker's plan because it returns much of a $912 million budget surplus.  Walker's proposal would cut property taxes for the owner of a typical home by $131 on the bill mailed in December. It also would reduce income taxes by an average of $46 per taxpayer.

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