Contact: Rep. John Macco, (608) 266-0485
Madison…Today, the Assembly passed Assembly Bill 4 to provide an income tax cut for middle class individuals and families in Wisconsin. State Representative John Macco (R-Ledgeview), chairman of the Wisconsin Assembly Committee on Ways and Means, released the following statement:
“I am pleased that the Assembly passed our bill today to provide much-needed tax relief to Wisconsinites. We have taken a great deal of care to ensure that this tax cut is targeted only toward hard-working middle class individuals and families. Seventy-five percent of the benefit will go to taxpayers earning between $30,000 and $100,000 a year. Last week, I chaired a public hearing on this bill and heard first-hand how this tax cut would benefit Wisconsinites from all walks of life,” said Rep. Macco.
It is projected that the median income family filing jointly would see a $310 reduction in taxes per year – approximately a 10 percent cut in taxes. Sixty-three percent of Wisconsin taxpayers – nearly 2,000,000 people – will see their income taxes reduced under this bill.
“Middle class taxpayers in Wisconsin deserve to keep more of their hard-earned income. Additional income could help pay for groceries, clothing or childcare. Now that the Assembly has passed this bill, I call on Governor Evers to follow through on his promise and provide tax relief to the hard-working middle class families of Wisconsin,” concluded Rep. Macco.