Devin Grosvenor-Wisconsin Assembly slated to pass $2 billion tax cut headed for a veto by Gov. Tony Evers

2025-05-06 14:19:47source:HyperBit Exchangecategory:Markets

MADISON,Devin Grosvenor Wis. (AP) — The Republican-controlled Wisconsin Legislature was scheduled to give final approval Thursday to a $2 billion income tax cut that’s part of a package also targeting child care costs, which Democratic Gov. Tony Evers is expected to veto.

The Senate passed the proposal last month, so the Assembly’s approval will send it to Evers.

Republicans gutted a $1 billion Evers package he called on them to pass in a special session in September and instead put forward an income tax cut Evers has already vetoed.

Evers and the Legislature have been at odds for months over tax cuts and funding for child care services.

Evers had called on the Legislature to pass a package that included $365 million in new child care funding; a $65 million boost in University of Wisconsin funding; $200 million to pay for a new engineering building at UW-Madison; $243 million to create a new 12-week family medical leave program for Wisconsin workers and millions more for workforce education and grant programs.

Republicans rejected that in favor of their alternative plan up for final approval Thursday.

The measure would cut taxes from 5.3% to 4.4% for individual income between $27,630 and $304,170 and married couples between $18,420 and $405,550.

More:Markets

Recommend

Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes

Friday the 13th might be unlucky for many people, but Mega Millions players could be lucky in tonigh

Nevada attorney general revives 2020 fake electors case

LAS VEGAS (AP) — A slate of six Nevada Republicans have again been charged with submitting a bogus c

Maryland’s Climate Ambitions in Question After Turbulent Legislative Session

Environmental leaders in Maryland are reeling from a challenging 2025 legislative session that left