Wisconsin Legislature Unveils Plan to Cut Income Taxes by $3.5 Billion, Helping Middle Class Wisconsinites Keep More of Their Paychecks

The plan would reduce the top bracket from 7.65% to 6.5% and collapse the middle brackets into a single bracket of 4.4%. [...] When dynamically scored by the Center for Research on the Wisconsin Economy (CROWE) at the University of Wisconsin, this three bracket system would save the median household hundreds of dollars annually and would improve almost all of the key economic indicators. [...] By reducing and collapsing the two middle brackets to a single bracket with lower rate of 4.4%, the plan dramatically simplifies and lowers the rates paid by the middle class. [...] In the past two years we have released the following, along with multiple op-eds and numerous radio appearances promoting income tax reform: ➔ First plan to eliminate the income tax in Wisconsin ➔ Polling data showing support for tax relief ➔ Playbook for Income Tax Relief in Divided Government ➔ Lost Revenue WHAT’S NEXT. [...] If approved, both houses of the legislature will need to vote on the plan as part of the budget bill and send it to the Governor for approval or veto.