MADISON, Wis. (AP) – Wisconsin Assembly Democrats plan to unveil an alternative to Gov. Scott Walker’s tax cut plan that will increase spending on worker training and put more money into the state’s rainy day fund.
Democrats plan to introduce their alternative during debate of the $504 million tax cut bill on Tuesday. An Assembly committee Thursday passed the measure on a party line vote, with all Democrats against.
Walker’s proposal would cut property taxes $406 million and income taxes $98 million. It would also increase the state’s projected shortfall by $100 million for the budget that starts mid-2015.
Democratic Minority Leader Peter Barca says their alternative will double the proposed deposit to the rainy day fund, nearly triple job training funding and give 70 percent more property tax relief to the middle class.