Rep. Macco: Co-chairs joint hearing on bill to provide tax cut to working families

CONTACT STATE REPRESENTATIVE JOHN MACCO                                            

(608) 266-0485

Madison…Today, the Assembly Committee on Ways and Means and the Senate Committee on Agriculture, Revenue and Financial Institutions held a joint public hearing on Assembly Bill 4, a bill to provide an income tax cut for middle class individuals and families in Wisconsin.  State Representative John Macco (R-Ledgeview), who chairs the Assembly Committee on Ways and Means, released the following statement:

“I was pleased to hear from Wisconsinites from all walks of life about how a middle class tax cut will make a difference to them.  I am proud to be part of the team that will provide income tax relief to the hard-working middle class families in Wisconsin.  We have taken a great deal of care to ensure that this proposed tax cut is targeted toward hard-working middle class individuals and families in Wisconsin.  Seventy-five percent of the benefit will go to taxpayers earning between $30,000 and $100,000 a year,” said Rep. Macco.

Assembly Bill 4 will provide targeted income tax relief to middle class individuals earning less than $100,000 per year and middle class families earning less than $150,000 a year.  It is projected that the median income family filing jointly would see a $310 reduction in taxes per year.  Sixty-three percent of Wisconsin taxpayers – nearly two million people – will see their income taxes reduced under this proposal.

“These taxpayers deserve to keep more of their hard-earned income.  Additional income could help pay for groceries, clothing or caring for children.  I look forward to working with my colleagues in the legislature to pass this important bill and 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.

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