MADISON, Wis (WSAU-Wheeler News) There might not be enough votes in the Wisconsin Senate to approve the type of large-scale tax cut that Governor Scott Walker's been talking about. At least two Republicans say they'd rather use a projected billion-dollar surplus to avoid a structural deficit in the next budget starting in mid-2015. We learned last week about the projected surplus, and the Republican Walker says he wants to give most of it back to taxpayers.
But with only a three-vote majority, Republicans would not be able to approve a major tax cut if more than one G-O-P senator strays from the party line -- and that's already happened. Green Bay Republican Rob Cowles says he's "urging caution," considering the deficits from the recent past.
Ripon Republican Luther Olsen said voters are telling him to be smart and quote, "Don't just pander for the next election." At last word, Wisconsin's fiscal obligations will create a $725-million shortfall in the next budget. Walker says he's not too concerned, and neither are Assembly Republicans. G-O-P Finance co-chair John Nygren says it's been proven that tax cuts generate enough economic growth to wipe out structural deficits in subsequent budgets.