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Rep. Snyder joined Wausau area legislators to discuss tax reforms on Tax Day

Wausau… Representative Patrick Snyder (Schofield) joined other Central Wisconsin Legislators on Monday, which is Tax Day in the United States, to discuss the tax reforms that have occurred in recent years, and the tax increases under Governor Evers’ proposed budget.

The press conference took place at one of the area’s major employers, Merrill Steel, Inc., which started as a small business in Merrill, WI in 1962. The business has remained family owned since operations began, despite prosperity that has led to substantial increases in size, productivity, and employment.  Merrill Steel, Inc. is one of many local businesses that could see significant tax increases under Governor Evers’ budget plan.

Following the press conference, Rep. Snyder made the following statement:

“The reforms of the past eight years have resulted in a significant reduction in the tax burden on individuals, families, and employers. Under the current budget, tax savings between 2011 and 2021 will reach over $12.6 billion dollars, according to the Legislative Fiscal Bureau. That is hard-earned money that has stayed in the pockets of tax payers.

“Our historic investment in K-12 funding last session shows that we can afford to have great schools, while being frugal with taxpayer dollars. Wisconsinites shouldn’t have to foot the bill for excessive spending, which is why I am committed to working with my colleagues on both sides of the aisle to provide the services Wisconsinites need, without creating billion dollar tax hikes.”

Under Governor Evers’ proposed budget, spending would increase by 8.3% over the biennium to a budget of $84.2 billion, according to the nonpartisan Legislative Fiscal Bureau. His proposal increases taxes and fees by $1.2 billion. The full summary of the Governor’s recommendation can be found here.

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