Contact: Julaine Appling, President – 608-334-6435
Email: [email protected]
MADISON— “Helping Wisconsin’s families by giving some of their hard-earned money back to them in the form of this credit is a great idea. It’s responsible leadership. The legislature needs to get behind this and get it done yet this session,” said Wisconsin Family Action president Julaine Appling.
In yesterday’s State-of-the-State speech, Governor Scott Walker announced that he plans to give parents a $100 per child, per year tax credit, an initiative that this year would cost $122 million. This year the credit would be available to parents via a rebate and in subsequent years would be part of their annual income tax filing. Funds to pay for this years credit would be from the revenue surplus, which recently was projected to be more than the Department of Revenue had originally forecasted.
Governor Walker says he wants this year’s credit to reach parents before the beginning of school this fall. For this year, parents with children who were under 18 as of December 31, 2017, qualify for the credit. There is no income restriction.
Appling, noted, “Families with children are the backbone of our state. When dads and moms can get real cash in their pocket to help offset expenses related to child-rearing, that is directly helping to strengthen our best natural resource. Whether parents use this credit for school supplies or clothing or to help pay for music lessons or playing a sport or whatever the need or want may be, this is a good use of surplus revenue. Families can do much more with $100 per child than the state can. No contest there, for sure,” Appling noted.
“We would note, however, that even better than a tax credit would be for the state to do better budgeting. What we ultimately need is to let families keep more of their money in the first place. Let’s get Wisconsin out of being a high-taxed state. I’m pretty sure that would give families a lot more than $100 per child.
“Governor Walker is working hard to help Wisconsin families, and we applaud this pro-family proposal. Further, we urge the state legislature to make it a priority in the closing weeks of the session. If there’s anything elected officials should be able to agree on, it’s helping families help their children.” concluded Appling.
The current legislative session will be over no later than mid-March and could be done sooner.