Another Missed Opportunity
Governor Evers vetoed another middle class tax cut this week. The bill that passed with bipartisan support in the Assembly last week would have invested nearly $250 million to reduce taxes for middle and lower income levels by increasing the sliding scale standard deduction by 13.2 percent for each filer. This would have resulted in an average savings of $106 per filer. The bill also would have reduced personal property taxes for manufacturers and paid off $100 million in general obligation debt.