Wednesday, the non-partisan Legislative Fiscal Bureau released new revenue estimates for the state of Wisconsin. Chairman John Macco (R-Ledgeview), of the Wisconsin Assembly Committee on Ways and Means, released the following statement:
“Yesterday’s exhilarating news shows the value of 8 years of prudent state management and vision.” said Rep. Macco. “In Wisconsin, wages are up, unemployment is down, education and transportation spending are up and taxes are down. Wisconsin is in great shape!” continued Rep. Macco
The Legislative Fiscal Bureau projects the gross balance of the Wisconsin general fund will reach over $1,003,000,000 by June 30th of this year.
“With over three quarters of a billion dollars in excess revenue now is not the time to spend ourselves into debt or raise taxes, we must look toward the future.” said Rep. Macco “Leadership and vision have created dividends and should be returned to the working Wisconsinites who paid them. Unfortunately, the GOP middle income tax cut was swiftly followed by Governor Evers’ devastating veto earlier this year.” continued Rep. Macco
“Wisconsin’s strong position is not because of our tax code but in spite of it. Now is the time to use the fiscal health of Wisconsin to reform our states tax code to continue to lower taxes on hardworking Wisconsinites.” concluded Rep. Macco