GOP Proposes $1.3 Billion Income Tax Cut, Exempting some Retiree Income

GOP proposes $1.3 billion income tax cut, exempting some retiree income

The proposal would expand the top end of the state's second-lowest tax bracket to $50,480 for single people and $67,300 for married couples.

Joint Finance Committee adopts $1.3B tax cut to Wisconsin budget

(The Center Square) – Republicans on the Joint Finance Committee greenlit $1.3 billion in tax cuts to the Wisconsin biennial budget Thursday night.

Wisconsin Republicans back $1.3 billion tax cut plan that lowers bills for 1.6 million residents

About 1.6 million Wisconsinites would pay lower income taxes under a $1.3 billion tax cut plan approved by Republicans on the budget committee.

Joint Finance signs off on $1.3 billion GOP tax cut plan

Seniors would see a new tax break on their retirement income, while others would see some of their wages taxed at a lower rate under a GOP plan the Joint Finance Committee approved along party lines.

Joint Finance: Republicans Boost State School Funding by $330M — Billions Less Than Gov. Tony Evers' Proposal

June 13, 2025 11:30a (WPR)---Republicans who run the Legislature’s budget committee voted Thursday to increase state spending on K-12 schools by $336 million — roughly $3 billion less than what was proposed by Democratic Gov. Tony Evers. GOP lawmakers also voted to cut income taxes by $1.3 billion, largely by reducing taxes on retirement income and expanding the second lowest tax bracket so that people who earn more money can pay a lower rate. T…