Does Scott Walker not understand that all that tax money belongs to the State?
The ($531 million) tax decreases — the third round of cuts by Republicans in less than a year — passed 17-15 with GOP Sen. Dale Schultz of Richland Center joining all Democrats in voting against the proposal. The proposal now goes to the Assembly, which passed a different version of the tax cuts last month with two Democrats joining all Republicans in supporting it.
With growing tax collections now expected to give the state a $1billion budget surplus in June 2015, Walker’s bill will cut property and income taxes for families and businesses, and zero out all income taxes for manufacturers in the state.
…Also: odd, isn’t it, how aggregate tax income went up even though the tax rates went down? – For a given value of ‘odd,’ of course. Certainly the trick still stymies many liberals.
Via Jim Geraghty, although he forgot to include ‘Throne of skulls’ in the post somewhere.
PS: Note, by the way, that it took a GOP legislature to make sure that spending went down, too. I say this without heat: that’s why we have legislatures and executives. The idea is for them to keep each other honest.