Now is no time to raise taxes on Wisconsin employers
Democratic Gov. Tony Evers said he is "hopeful" he can reach an agreement with Republicans in the Legislature's majority on how to pay for a proposed middle-class tax cut, but Assembly Speaker Robin Vos, R-Rochester, said it's up to Evers to determine whether that can happen.
Assembly Republicans are proposing a 10 percent income tax cut for middle-class Wisconsinites in what they say is an effort to help Democratic Gov. Tony Evers deliver on one of his campaign promises — but Evers isn't jumping on board.
Democratic Gov. Tony Evers and the Republican leaders of the state Legislature emerged from their first joint meeting on Tuesday with some lines of opposition drawn, while emphasizing areas where they believe they can compromise.
The proposal comes as Walker has sought to portray Evers in a string of recent campaign ads as eager to raise taxes.
Tony Evers has proposed eliminating the credit, calling it largely a giveaway to the wealthy and large corporations.
Manufacturers and farmers can claim the credit for taxes paid to other states, which Gov. Scott Walker wants to end.
Gov. Scott Walker's proposed 2017-19 budget aims to eliminate an unintended overlap in the state's tax laws that allows some Wisconsin businesses to claim two credits on the same income.
The funds would come from ending the manufacturing and agriculture tax credit and raising taxes on capital gains.
The state's Manufacturing and Agriculture Tax Credit is expected to cost twice as much as initially projected.