Evers proposes $1.2 billion in tax cuts for middle class, hikes for manufacturers, investors

BUDGET BLOG 2

Gov. Tony Evers announced today the budget he’ll formally release on Wednesday will include $1.2 billion in tax cuts geared toward the middle class, parents, seniors and students.

He also will propose in his budget: a full repeal of the personal property tax, a move that would save businesses $200 million in the first year after implementation; and expansion of a research tax credit, which would reduce state revenues $80.5 million over the biennium.

Meanwhile, Evers is again calling for capping existing tax breaks for manufacturers and investors, items his office said would raise a...

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