CONTACT: STATE REPRESENTATIVE JOHN MACCO
Madison…Today, along with state legislators from northeast Wisconsin, State Representative John Macco (R-Ledgeview) announced his support of a Republican lawmaker proposal that will provide an income tax cut for middle class individuals and families in Wisconsin. Representative Macco released the following statement:
“As the Chairman of the Assembly Committee on Ways and Means, 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.
The proposed legislation will provide targeted income tax relief to middle class individuals earning $100,000 a year or less and middle class families earning $150,000 a year or less. The non-partisan Legislative Fiscal Bureau projects the median income family filing jointly would see a $310 reduction in net 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 other needs. I look forward to working with my colleagues in the legislature to craft and pass this important legislation,” concluded Rep. Macco.