Wisconsin Assembly poised to consider tax cut plan
By Associated Press
MADISON, Wis. (AP) - Assembly Republicans are set to put the finishing touches on Gov. Scott Walker's $504 million tax cut plan.The chamber is set to vote on the measure Tuesday. The Senate passed it last earlier this month; Assembly approval would send it to Walker for his signature.Walker wants to use a portion of the state's projected $977 million surplus to fund property and income tax cuts. He introduced a bill in January that would send $406 million to technical colleges to reduce their property tax hit and cut income taxes by $98 million by reducing the lowest bracket from 4.4 percent to 4 percent.The end result would be a $131 reduction a median home's tax bill this December and $46 in annual income tax savings for the average worker.
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