The governor signs his half billion dollar tax cut plan into law this morning in Cecil, near Shawano, northwest of Green Bay.
Under the so-called Blueprint for Prosperity, the state would return $504 million to Wisconsin taxpayers, by way of property tax cuts, income tax cuts, and reduced state income tax withholdings.
The tax cuts are a result of the state’s nearly $1 billion surplus. Governor Scott Walker also plans to add more than $100 million to the state’s rainy day fund.
Democrats argue the money could be better spent elsewhere or saved.
The governor first outlined his tax cut plan in his 2014 State of the State address in January. Lawmakers passed the amended plan in a special session of the legislature.