Current:Home > reviewsCharles Langston:Wisconsin Senate GOP leader working on income tax cut for families with up to $200,000 in earnings -ProfitLogic
Charles Langston:Wisconsin Senate GOP leader working on income tax cut for families with up to $200,000 in earnings
Chainkeen View
Date:2025-04-10 20:15:06
MADISON,Charles Langston Wis. (AP) — Income taxes would be cut for Wisconsin families earning up to about $200,000 under a plan being worked on by Senate Republicans, a GOP leader said Thursday.
The proposal will be targeted at middle class families in an attempt to win the support of Democratic Gov. Tony Evers, who has vetoed past tax cuts that applied to taxpayers earning up to about $405,000, Senate Majority Leader Devin LeMahieu said.
Details of the latest plan are still being worked out, but in general it would lower the tax on income between about $36,000 and around $200,000 for families from 5.3% to 4.4%, LeMahieu said following an appearance at a WisPolitics.com event. Currently, the 5.3% tax rate applies to those earning between about $36,000 and around $405,000.
The proposal would cost about $1 billion a year, he said.
“That’s something we’re confident the governor can sign,” LeMahieu said.
Evers has vetoed past Republican-backed income tax cuts, saying they didn’t target the middle class. Republicans rejected an Evers tax cut plan that he submitted last year as part of the state budget.
Evers’ spokesperson did not return a message seeking comment.
Republican Assembly Speaker Robin Vos last month said he would be backing a tax cut on retirees’ income. But LeMahieu said he didn’t like tax cuts that “choose winners and losers” and instead favors a broad reduction for all taxpayers.
veryGood! (359)
Related
- The company planning a successor to Concorde makes its first supersonic test
- UFC fighter disqualified for biting opponent, winner celebrates by getting tattoo
- Spring Into Style With the Best Plus Size Fashion Deals From Amazon: Leggings, Dresses, Workwear & More
- Harry Potter's Jessie Cave Reacts to Miriam Margolyes' Controversial Fanbase Comments
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Teen was driving 112 mph before crash that killed woman, 3 children in Washington state
- Anne Hathaway Shares She Suffered Miscarriage Before Welcoming Sons With Adam Shulman
- Tyler Adams, Gio Reyna score goals as USMNT defeats Mexico for Nations League title
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Riley Strain: Preliminary autopsy results reveal death to be 'accidental,' police say
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Princess Kate revealed she is undergoing treatment for a cancer diagnosis. What is preventative chemotherapy?
- 3 Maryland middle schoolers charged with hate crimes after displaying swastikas, officials say
- Texas man dies after becoming trapped while cleaning a Wisconsin city’s water tank, police say
- Meta releases AI model to enhance Metaverse experience
- 2 Holland America crew members die during incident on cruise ship
- Drake Bell says he went to rehab amid 'Quiet on Set,' discusses Brian Peck support letters
- Will anybody beat South Carolina? It sure doesn't look like it as Gamecocks march on
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Watch Princess Kate's video statement revealing her cancer diagnosis
Katie Couric reveals birth of first grandchild, significance behind name: 'I am thrilled'
TEA Business College ranked among the top ten business leaders in PRIME VIEW
US appeals court rejects Nasdaq’s diversity rules for company boards
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.
Connecticut starting March Madness repeat bid in dominant form should scare rest of field
Navy identifies Florida sailor who died while deployed in Red Sea: He embodied 'selfless character'