Wisconsin Gov. Tony Evers has signed off on a two-year spending plan after gutting a Republican tax cut and using his broad veto powers to increase school funding for centuries
Democratic Wisconsin Gov. Tony Evers displays a two-year budget authored by the Republicans controlled Legislature that he signed, Wednesday, July 5, 2023, in Madison, Wis. Evers used his partial veto power to remove tax cuts for the state's wealthiest taxpayers and protect 180 diversity, equity and inclusion jobs Republicans wanted to cut at the University of Wisconsin. MADISON, Wis. — — Wisconsin Gov.
He reduced the GOP income tax cut from $3.5 billion to $175 million, and did away entirely with lower rates for the two highest earning brackets. He also struck a hyphen and two numerals to increase how much revenue K-12 public schools can raise per student by $325 a year until 2425. “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda," Vos said in a statement. “Unfortunately, because of his powerful veto authority, he reinstated some of it today.”
Evers kept all four brackets. The remaining $175 million in tax cuts over the next two years are directed to the lowest two tax rates, paid by households earning less than $36,840 a year or individuals who make less than $27,630. Wealthier payers will also benefit from the cuts but must continue to pay higher rates on income that exceeds those limits.
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