WisDems: Vukmir and Nicholson endorse GOP tax cuts for wealthy, corporations at expense of working families

Contact: Brad Bainum, bradb@wisdems.org
Ending the SALT deduction would increase taxes for over 31% of Wisconsinites

GOP tax plans are a massive transfer of wealth to billionaires, corporations, and Wall Street, but leave millions of middle-class families paying more

GOP tax plans are funded by gutting Medicare and Medicaid

MADISON — Right-wing state Senator Leah Vukmir and out-of-state billionaire puppet Kevin Nicholson have officially endorsed U.S. House and Senate Republicans’ efforts to gift massive tax cuts to corporations and billionaires — cuts paid for by raising taxes on middle-income families and gutting Medicare and Medicaid. 

Here’s a look at the Republican plans that Vukmir and Nicholson endorsed:

  • Millions of middle-class families would pay more in taxes under both plans.
  • Both plans slash tax rates for corporations.
  • Eliminating the SALT deduction, as the Senate GOP does, would hike taxes on 31% of Wisconsin taxpayers.
  • Neither GOP tax plan closes the carried interest loophole — a loophole that Wall Street bankers exploit to avoid paying their fair share in taxes.
  • The GOP tax plans are paid for by gutting Medicare and Medicaid.  

Statement from Brad Bainum, Democratic Party of Wisconsin spokesperson for the 2018 Senate race:

“Far from being tax reform for working families, the GOP tax agenda endorsed by Leah Vukmir and Kevin Nicholson actually raises taxes on millions of middle-income families — all so Republicans can slash Medicare and Medicaid while gifting big tax cuts to corporate special interest CEOs and billionaires like the right-wing megadonors bankrolling Vukmir and Nicholson.” 

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