There’s a tax cut in your future – although the specifics are still a work in progress. Governor Scott Walker is making it pretty clear that tax cuts will be a high priority as he begins his second term.
“I think our overall goal is to lower both property and income taxes, if we keep chipping away over the next four years” Walker said in Green Bay on Thursday. “It’s not something you can do all at once, but I think we can continue to lower the burden on the hardworking taxpayers of this state.”
That combination of income and property tax reductions is a likely scenario – although Senate Majority Leader Scott Fitzgerald says it’s the latter which seems to irk voters the most. “Just coming off the campaign trail, it’s still something that people bring up all the time,” Fitzgerald said.
Fitzgerald said the size of the state budget deficit, and the potential impact any tax reductions would have on it, will be a major consideration as Republican majorities in the Senate and Assembly consider what type of tax cut package they can support.