21st Century Tax Plan Creates $500 million Surplus
A new analysis of Rep. Kooyenga’s 21st Century Tax Plan shows that if the state only averages 3% economic growth, the 10 year average, the tax cut will create a $500 million surplus for the state. Opponents of the plan claim that this tax cut will create a massive deficit for the state but they refuse to factor in any economic growth.
As we have seen, the Act 10 reforms and the responsible budgeting by Gov. Walker and the Legislature, have produced increased tax revenue without any rate increases. Just last month, the state saw an additional $575 million in tax revenue just from economic growth.
This tax cut will help to improve Wisconsin’s economy and continue to put our state on the path to prosperity. Contact your legislators today to tell them to support this important tax reform plan.