Advertisement

GOP lawmakers tell business leaders tax cuts may be in state budget

Madison Wisconsin - Capitol Building
Madison Wisconsin - Capitol Building(WEAU)
Published: May. 5, 2021 at 5:35 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

MADISON, Wis. (AP) - Republicans who head the Legislature’s budget committee are telling Wisconsin’s business leaders that they are optimistic a tax cut will be a part of the next two-year spending plan.

The lawmakers on Wednesday told Wisconsin Manufacturers and Commerce that details on what type of tax cut and how much were still being discussed.

Discussion of a tax cut comes as the budget committee plans on Thursday to cut hundreds of Gov. Tony Evers’ proposals from the budget, including $1 billion in tax increases mostly on capital gains and manufacturing income.

Copyright 2021 The Associated Press. All rights reserved.