Assembly committee takes up Walker tax cut plan

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MADISON, Wis. (AP) -- The public will get a chance to speak out on Gov. Scott Walker's proposed $504 million tax cut plan at a hearing before a state Assembly committee.

The Assembly Jobs, Economy and Mining Committee scheduled a hearing Wednesday on the tax cut proposal. The hearing comes as some Senate Republicans have raised concerns about details of Walker's tax cut proposal.

Walker wants to cut property taxes by $406 million and income taxes by $98 million. The average tax reduction this year for a family of four who owns a median-valued home would be $177.

Walker argues the money should be returned to taxpayers because it comes from surplus state tax collections. But some lawmakers have raised concerns because his plan would add about $100 million to the state's structural deficit.



 
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