MADISON, WI (WTAQ) - The average Wisconsin family would get an income tax break of $83 a year under Governor Scott Walker’s proposed tax cut.
The state government’s non-partisan Fiscal Bureau came up with the figure – and it’s almost $25 less than what another a liberal fiscal agency had projected a few days ago.
The Republican Walker wants to use a surplus of $343-million in the current budget to give income tax breaks over the next two years.
The Fiscal Bureau said the top 25% of Wisconsin households would get more than half of what’s being returned. But lower-income families in the 30-thousand-dollar range would get the largest percentage tax cut, at three-point-three percent.
Walker has proposed reductions in the three lowest tax brackets among the five the state uses.