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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114Creative 3D illustration by Getty Images.<\/p>\n
Wisconsin Republicans propose to throw the record-setting $6.6 billion state budget surplus out of Capitol windows. State citizens can seize cash in flight.<\/p>\n
Poor individuals get little. The GOP flat tax saves the lowest Wisconsin tax bracket $37 annually.<\/p>\n
In response, Jason Stein of the Wisconsin Policy Forum told Wisconsin Examiner reporter Baylor Spears that after the first few years, when the surplus is burned up, it may be difficult to pay for basic services like public schools, health care for low-income kids, the UW System, public safety, and a variety of local government services.<\/p>\n
$37 loss.<\/p>\n
Republicans’ flat tax favors Wisconsin’s rich. The highest tax bracket\u2014single filers with earnings over $280,950 and joint filers with incomes over $374,600\u2014would pay less than half what they pay now at the 3.25% flat tax (the present progressive tax rate is 7.65%).<\/p>\n
Wealthy people think the state should provide good schools, safe streets, and cities with road repairs and waste collection.<\/p>\n
Republican legislators said “hardworking Wisconsinites” deserve extra money. Wisconsinites overpay, they say. Full government coffers? Fast return.<\/p>\n
Read more<\/strong>:\u00a0The Dates for Filing for the $1,500 and $213 Tax Credits That Will Allow Millions of Americans to Get Refund Checks Are Rapidly Approaching.<\/a><\/p>\n Overtaxation is not our largest state issue. Taxes don’t boost state budgets.<\/p>\n Wisconsin Policy Forum reported the lowest state and local tax burden in 2022.<\/p>\n Republicans are partially right: By withholding money from local governments and especially local public school districts, which received an unprecedented zero increase in the current, two-year budget, Republicans have let billions of dollars pile up in state coffers, unspent while enforcing completely unnecessary austerity measures.<\/p>\n Over the past two decades, Wisconsin’s education and municipal services have gone from well-funded to underfunded and reaching a fiscal cliff as federal epidemic relief money runs out.<\/p>\n Republicans starve public schools and local governments despite a strong state budget.<\/p>\n The Legislature’s Republicans’ outrage over massive federal pandemic relief spending was astounding. They slashed education financing and forced schools to use one-time federal monies for ongoing costs.<\/p>\n They also wanted to cut Gov. Tony Evers’ child care, school, and small business financing. At the opening of a new session, they’re proposing compelling Medicaid participants to work for their health care and using a flat tax to remove excess, which may bankrupt the state in a few years.<\/p>\n The budget office expects a surplus of $8.4 billion in 2023-24 and $9.7 billion in 2024-25 under the progressive tax structure.<\/p>\n Wisconsin Republicans struggle to shrink government to drown in the bathtub. Their entire idea of letting the wealthy get rich by scaring us is in jeopardy. Non-financial.<\/p>\n What if taxpayers collaborated to develop our society? Republicans despise this vision. Democracy necessitates. Build a decent society instead of competing for scraps.<\/p>\n Evers said we have a straightforward choice notwithstanding Republicans. Our progressive tax structure can fund great public schools, good infrastructure, and a society without housing and health care needs while maintaining the lowest state income tax rates in history.<\/p>\n