Assembly Passes Tax Cuts - $2.1 Billion in Tax Relief

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Assembly Passes Tax Cuts - $2.1 Billion in Tax Relief

February 17, 2024 - 08:19
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On Tuesday, the Assembly passed four bills that would expand tax credits for married filers, filers with children, create an exception for retirement income, and significantly expand the second tax bracket (those earning between $19,000-$150,000).

It would apply to 54% of all tax filers and provide an average of a 15% decrease.

Here's the breakdown of the average tax cut per filer for each of the bills:

  • Middle-Class Tax Cut - $454
  • Married Couple Credit - $338
  • Child Care Tax Credit - $656
  • Retirement Income Exclusion - $1,582

93% of retirees would no longer have any tax liability on their retirement income.

There are 3 Comments

Here is what Carl F Freundl, President & CEO of Valley Popcorn Company Inc., wrote me in an email that I share with Statewide GOP leadership, "when I ramped up production and started eroding Robin’s market share, he called to threaten me and demanded I stop. So much for fair competition. Hes a real piece of work…"

Why doesn't Robin Vos and the Republican Assembly Impeach Ms Megan Wolfe? Because Robin Vos wants Trump to lose this State. He controls the entire Assembly. He is the problem.

Mike Lindel read some of Robin's text messages to Mike the night Robin won his last Assembly race. Wow is Robin Vos a petty little man.

Everyone seems to forget the major overhaul of our election system that occurred in the year 2000. Prior to that year a voter required TWO witness signatures for an absentee ballot. Why doesn't the Wisconsin Republican legislature introduce election integrity Bills and/or Constitutional amendments for simple things like requiring more than just one "ditto" mark to submit an absentee ballot. Lets at least go back to requiring two witness signatures on an absentee ballot envelope.

But that wouldn't happen because Robin Vos doesn't want that. He wants drop boxes and Ms. Wolfe running our elections. As long as conservatives continue to give him quarter we will continue to lose. Our record of winning statewide elections under his reign is terrible. Wake up people.

I read it a few times and I guess I don't quite understand it. I get that you don't like Vos, but the rest I have trouble with.

It is time we stop taxing retired people right out of Wisconsin, it is very, very costly every time we have a retired person or couple leave Wisconsin to avoid taxes. We need them here to pay property tax, and contribute to our families, and share their wisdom.

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