Income taxes would be cut across the board by $3.5 billion under a plan passed Thursday by Republicans who control the Wisconsin Legislature's budget-writing committee, a proposal that Democrats assailed as being skewed to benefit the wealthy.
is doubling down on tax breaks for wealthy millionaires and billionaires instead of prioritizing relief for working families.”
Republicans swiftly rejected a Democratic amendment to their plan that would have kept the highest rate at 7.65%. The amendment would not have otherwise changed what Republicans proposed. Wisconsin’s total tax burden, which is total taxes measured as a share of personal income, fell to its lowest point in more than 50 years in 2022, according to the Wisconsin Policy Forum. It also found that that in recent years, Wisconsin income tax rates have declined more for higher income earners than they have for those with lower incomes.
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