Thursday, March 19, 2020

So, that Vos/Fitzgerald Tax Cut based on a Projected State's that looking now? !!!

Wisconsin Dodged another Tax Cut Bullet!

Wisconsin was projected to have a $818 million surplus, with half of that going into the rainy day fund. Republicans immediate reaction? Give most of the $409 billion back as a tax cut, because it's not the governments money, it's yours...blah, blah, blah. 

Hey Vos/Fitzgerald, how's an idiotic idea like that working out for you now?

Democratic Gov. Tony Evers vetoed a major $250 million Republican-led tax-cut package that would have used unanticipated revenues to reduce the average taxpayer’s income tax bill by $106. The veto came one year and a week after Evers' first veto, which was of a similar income tax cut passed by Republicans.
Eh, Sen. Scott Fitzgerald plays down what was always a Bad Idea: The COVID-19 outbreak exposed the GOP again, but did they notice? Nope. Republicans don't govern, they simply pass ideologically driven ideas, devoid of any real world connection to the consequences of their actions.
Another question is how much the coronavirus, paired with a national economic slowdown, could affect the state budget — A recession would likely erase the surplus.

“That’s definitely on our minds,” Republican Sen. Scott Fitzgerald said. “Hindsight is 20-20, but that projection could change dramatically, and as a result of that, things could be a lot tighter than where we thought they were.”
Ya think. With no hint of learning a valuable lesson here, these tax-cut one-note-wonders just might stick to their original plan from February...
The Senate plans to come in once more in March, when Republicans may try to override Evers’ veto. Assembly Speaker Robin Vos, R-Rochester, said his chamber will also likely return in May to attempt to override gubernatorial vetoes.

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