MADISON, Wis (WSAU-Wheeler News) Wisconsinites will have their say today on Governor Scott Walker's proposed half-billion-dollar tax cut. The Assembly's economic committee will hold a public hearing on the package -- that would cut average property-and-income taxes by $177 over the coming year.
The money would come from an expected state budget surplus of a billion-dollars -- and Walker and many of his fellow Republicans say the taxpayers should get most of the excess back. Democrats and others have proposed other uses for the money -- like bolstering state aid for public schools and job training programs, and covering the expected $825-million structural deficit at the start of the next budget in mid-2015.
Walker and Assembly leaders believe economic growth can wipe out the structural deficit, but some Senate Republicans don't agree.