Contact: Senator Chris Kapenga
Madison, WI — Senator Chris Kapenga (R – Delafield) released the following statement after the State Senate passed a middle class tax cut bill on Wednesday:
“We have passed a tax cut plan that reduces income taxes on the middle class by using state surplus revenues. Thanks to eight years of sound fiscal planning by Republicans, our state is in a great place economically. We have a surplus of $691 million at the end of fiscal year 2019 and a projected $1.7 billion in additional revenues over the next biennium. That’s $2.4 billion thanks to careful budgeting. We should return as much of it as possible to hard-working taxpayers.
Unfortunately, the plan that Governor Evers has released focuses on income redistribution. He wants to increase taxes by $518 million on our small businesses and manufacturers. We shouldn’t be raising taxes on any Wisconsinite when surpluses are already projected.
The Democrats plan doesn’t cut taxes — it just shifts them. I will continue to work to make sure tax cuts are applied across the board, regardless of income.”
The average decrease for all filers would be $170. For married joint filers, the average decrease would be $231.