MADISON, Wis. – Assembly Republicans have voted to pass a regressive tax scheme that a recent analysis says will skew a majority of the benefits to the wealthiest, while completely ignoring average working families and the issues that Wisconsinites have demanded action on.
“Instead of using their first week back on the Assembly floor after a summer recess to address Wisconsinites’ most pressing concerns, like tax savings for middle class families or a solution to the current child care crisis, state Republicans are doing what nobody asked for: more tax giveaways to the wealthiest that leave working families behind,” said Lucy Ripp, communications manager at A Better Wisconsin Together.
According to a news report on an analysis from the Institute on Taxation and Economic Policy (ITEP), the tax scheme passed by Assembly Republicans today will mostly benefit the top one-fifth of state taxpayers. Those with an average income of over $300,000 annually would reap roughly two-thirds of the benefits, with over 25% of the nearly $3 billion in estimated tax reductions going to the wealthiest 5%.
“While pushing a reckless tax scheme that has failed in the past and is likely to fail again, Republicans are ignoring other top priorities for Wisconsinites,” said Ripp. “It’s time to stop wasting precious time and resources on fiscally irresponsible distractions and start prioritizing every day working families.”
Call your legislator today at 1-800-362-9472 and urge them to work together with Governor Tony Evers on real solutions at the September 20 special session on bolstering Wisconsin’s workforce.