Governor Scott Walker's plan to cut income and property
taxes in the state.
cleared a hurdle tonight.
But it still faces challenges before becoming law.
News 8's Mark McPherson is live in our studio with
the governor's 504-million dollar tax cut plan easily
passed the assembly tonight.
The bill as it stands now would save the average worker
46-dollars on income tax.
It would save the average homeowner 131-dollars on
a 151-thousand dollar home.
The cuts are being paid for by a budget surplus.
and some argue the money could be better spent.
But Republicans say the tax cuts will not only help
but also get Wisconsin's economy moving.
Assembly Republicans are going to fulfill our promise
to taxpayers, we are going to cut taxes, we're going
to put more money in the hands of working people all
across the state, which will create more jobs and
grow our economy even more.
Two democrats voted in favor of the bill.
but the remaining 37 voted no.
Democrats argue it doesn't do enough for the middle
They also proposed an alternative that would give
more money for job training and further reduce property
but that was rejected.
Democrats say there are better ways to spend this
but Republicans are focused on following the governor.
What the Speaker wants you to believe is that it's
not in your interest to look at any alternatives,
what he is going to tell you, he probably already
did, take out that rubber stamp and just stamp whatever
the Governor tells you to do.
The bill now heads to the republican controlled Senate.
where they want to make changes to how much money
is put into savings.
while not significantly altering the tax cuts.
The identical plan must pass both chambers before
being sent to Walker for his signature.
The tax cut plan would increase the projected shortfall
in the next two year budget by 100-million.
However, that assumes flat revenue growth, something
Walker said is unrealistic.