Madison, WI – Co-Chair of the Joint Committee on Finance (JFC), Representative Mark Born (R-Beaver Dam), issued the following statement related to Governor Evers’ budget vetoes:
“Governor Evers’ action on the budget nearly eliminates critical income tax cuts for middle-class families while simultaneously increasing property taxes on hard-working Wisconsinites for the next four hundred years.
“The Republican budget included a tax plan that reduced income taxes by $3.5 billion over the biennium, targeted at the middle brackets. Governor Evers gutted this tax plan, all but eliminating income tax relief on Wisconsin families from this budget.
“Vetoing the third bracket means those with truly middle-class incomes will see negligible reductions in their tax bill. Families making $50,000 per year, struggling to make ends meet due to the record-high inflation of the past few years, will now receive practically no tax relief thanks to Governor Evers.
“And eliminating the income tax cut on hardworking Wisconsinites wasn’t enough for Governor Evers—his budget vetoes will massively increase property taxes on the same families. In total, this veto could have the impact of increasing property taxes by billions of dollars.
“These disappointing vetoes are reckless fiscal policy and bad for the hardworking taxpayers of Wisconsin.”