MADISON — Gov. Tony Evers today delivered the Democratic Radio Address highlighting changes made under his direction to the Department of Revenue’s withholding tax tables to put more money in Wisconsinites’ pockets in 2022 in addition to signing one of the largest tax cuts in Wisconsin state history last year.
Hi, Wisconsin. Governor Tony Evers here.
These past few years have been tough for folks across our state.
I know so many Wisconsinites have been stretched thin as businesses wait on materials and supplies, and families are worried about higher prices at the grocery store checkout.
That’s why I’m glad to be ringing in this brand new year by keeping more money in your pocket.
At my direction—and for the first time in seven years—the Department of Revenue revised their withholding tax tables so that, starting January 1, you’ll see more money in your paychecks.
This year, because of the changes we’ve made, if you’re a single filer earning $50,000, you’ll see $551 more in your paychecks, and if you’re married filers earning $100,000, you’ll see $983 more in your paychecks.
And, because of the tax cuts I’ve signed since taking office—including one of the largest tax cuts in Wisconsin state history—86 percent of Wisconsin taxpayers will have their income taxes cut by more than 15 percent or more.
Our biennial budget that delivered on my promise to cut taxes for middle-class families provides $2 billion in individual tax relief to more than 1.6 million Wisconsin taxpayers.
As so many Wisconsinites face financial stress during these difficult times, this relief couldn’t come at a better time to help folks and families make ends meet.
This is great news for 2022, and I’m looking forward to continuing our work this new year to support Wisconsinites across the state.
Happy New Year, Wisconsin!