In Likely Final Assembly Votes For 2020, Lawmakers Will Attempt Another Gubernatorial Veto Override
State Assembly lawmakers are scheduled to use what’s expected to be their final day of work in 2020 to vote on a GOP-backed income tax cut and a package of bills aimed at helping Wisconsin dairy farmers.
The tax cut proposal, which is passed the state Senate early Thursday morning, would cost the state about $248 million annually and save Wisconsin income tax filers an average of $106 per year. In addition to increasing the standard income tax deduction for all types of filers, the proposal would use about $45 million annually to exempt some items from businesses’ personal property taxes and pay down about $100 million in state debt.
If approved by the Assembly, the bill would move to Gov. Tony Evers’ desk for his signature. The fate of the plan with the Democratic governor is uncertain, as his office has issued statements critical of the deal...
...moreThe tax cut proposal, which is passed the state Senate early Thursday morning, would cost the state about $248 million annually and save Wisconsin income tax filers an average of $106 per year. In addition to increasing the standard income tax deduction for all types of filers, the proposal would use about $45 million annually to exempt some items from businesses’ personal property taxes and pay down about $100 million in state debt.
If approved by the Assembly, the bill would move to Gov. Tony Evers’ desk for his signature. The fate of the plan with the Democratic governor is uncertain, as his office has issued statements critical of the deal...
Ken Notes: If school (i.e. Property) taxes increase are we really saving any money here. I like the idea of working on Dairy exports, but the Dairy Farmers of Wisconsin (Former Wisconsin Milk Marketing Board) has far more understanding and tools than WEDC and both are working with some of the CAFO`s that are driving small farms out of business. Finally the tax cuts on land and health insurance would actually help the CAFO`s more than the small farmer. Why you ask, because farmers are not making any profits to deduct expenses from, but you guessed it CAFO`s are.
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- - Volume: 8 - WEEK: 8 Date: 2/20/2020 9:30:39 AM -