3-5-14 state senate approves governor's tax cut plan

MADISON, Wis. (AP) — The state Senate has approved Republican Gov. Scott Walker's $504 million tax cut plan.  The proposal would send $406 million to technical colleges to reduce their property tax hit and cut income taxes by $98.6 million. The plan would shrink property taxes on a median-valued home by $131 on this December's bills and save the typical taxpayer $46 in income taxes.  The Senate passed the bill 17-15 Tuesday. The Assembly passed the measure last month but the bill has to go back to that house because the Legislature's budget committee tweaked it before the Senate took it up.  The Senate also unanimously approved another Walker proposal Tuesday to create $35 million in job training grants. That bill now goes to Walker for his signature.