Madison–State Representative John Nygren (R-Marinette), co-chair of the Joint Committee on Finance, released the following statement in response to the Department of Revenue notifying the Committee that the bottom two income tax brackets will be cut by over $250 million in 2020:
“Income tax filers will save money on their 2020 tax bill thanks to Republicans,” Rep.Nygren said. “This tax cut is just one of many pro-growth, pro-family policies enacted by Republicans over the last decade. We can cut taxes and fund our priorities. While cutting taxes, Republicans also provided the most funding for schools in state history, invested over $1 billion in making healthcare more affordable and accessible, and increased funding for road repairs.”
Since 2011, Republicans have cut state and local taxes by over $13 billion. Families in
Wisconsin have saved thousands in income and property taxes due to these actions.
In 2013, Republicans passed Act 20, which requires an automatic income tax cut based on any increase in online sales tax collections. Due to the U.S. Supreme Court decision in South Dakota v. Wayfair, Inc, Wisconsin began collecting online sales tax in 2019. The 257.3 million tax cut will lower tax rates for the bottom two tax brackets.
Governor Evers vetoed numerous tax cuts since taking office. He vetoed a $338.1 million tax cut that would have saved a median income family over $300 per year. He also vetoed a $214.5 million income tax cut that would have saved a median income family roughly $200 per year. His proposed budget also contained over $1 billion in tax increases.
“With a struggling economy and high unemployment, this tax cut is good news for hardworking Wisconsinites,” Rep. Nygren said. “Republicans will continue to prioritize the pro-growth, pro-family policies by investing in shared priorities and cutting taxes.”