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Wisconsin Assembly passes Walker tax cut plan

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MADISON, WI (WTAQ) - Lawmakers in the Wisconsin Assembly Tuesday approved Governor Scott Walker's $504 million plan to cut income and property taxes along partisan lines.

The 62-37 vote now means the proposal heads to the Senate, where majority Republicans have said they want to make changes to the plan. Mostly, they want to deal with how much money is put into the rainy day fund.

The bill, which Governor Walker called a special session for, would reduce property taxes by about $131 on a home valued at $150,000. That's according to the Legislative Fiscal Bureau, which also estimates income taxes would be trimmed by an average of $46 in April 2015.

Earlier this week, Governor Walker's main election opponent -- Democrat Mary Burke -- again called his tax cut plan "irresponsible" and uses money the state doesn't have.

Burke said she would spend more to pay down the state's debt. And she would address a Medicaid shortfall and almost $1 billion in funding needs for road projects.

Walker again said economic growth would wipe out the projected structural deficit in the next budget -- and his projections are, "the most conservative of numbers."

(Partial reporting by the Wheeler News Service)

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