Tuesday, January 15, 2013

Walker purposely leaves out the poor in tax cut proposal. They're the ones who just got a tax increase.


I thought this interesting observation from the Democratic Party of Wisconsin's Graeme Zielinski, via Uppity Wisconsin, should get a little more attention:

FACT CHECK ON SCOTT WALKER’S WILDLY MISLEADING STATE OF THE STATE CLAIMS: TAXES

WALKER CLAIM: Middle-Class Tax Cut: "With the introduction of my proposed budget next month, I will lay out a clear plan for reducing the burden on hard-working families by lowering income taxes on the middle class. We want to continue to put more money in the hands of the hard-working taxpayers and small business owners in our state.

FACT: Scott Walker’s Republican Party has laid out plans to reduce income taxes on middle-class earners making between $20,000-$200,000 per year but, to date, hasn’t mentioned any plans to reverse the nearly $70 million tax increase on seniors and low-income working families that they levied in the last budget by gutting the Homestead Exemption and the Earned Income Tax Credit.

Analysis by the nonpartisan Institute on Taxation and Economic Policy indicates that the bottom 20% of earners in Wisconsin have an average income of $12,700 – meaning no tax relief for the working poor.

No comments: