Joint Finance approves budget after adding $3.4 billion tax cut

The Joint Finance Committee voted along party lines Thursday to approve a state budget after adding a $3.4 billion tax cut.
But more than $200 million of the proposed cuts would require the Legislature and Gov. Tony Evers to agree on a separate bill to eliminate the personal property tax that applies to business equipment. Dems questioned if that was a realistic proposition.
The committee’s final efforts on the budget use the additional $4.4 billion in revenue the state is expected to take in through mid-2023 to check off two priorities -- cutting taxes and ensuring the plan meets federal requ...

Please log in to access subscriber content.
If you don't have a subscription, click here for a WisPolitics free trial and to view the different subscription options.
Facebook
Twitter
LinkedIn

Upcoming Events