On Tuesday, Americans for Tax Reform sent a letter to Wisconsin’s Legislators urging them to vote for Assembly Bill 1, legislation that would return $400 million in surplus revenues to the taxpayers through tax relief. Wisconsin’s bottom income tax bracket would be reduced by 9 percent and property taxes would be effectively reduced by 5 percent, while still ensuring “Rainy Day Fund” savings in case emergency revenues are needed in the future.
An excerpt from the letter:
The passage of Assembly Bill 1 would continue to set Wisconsin apart from her neighbors like Illinois and Minnesota that have seen taxpayers flee a draconian state tax regime; each state now scrambling to hastily enact tax relief to the politically favored to stop the bleeding. Simply put, Assembly Bill 1 would continue to keep Wisconsin on the right track as a national example of an increasingly economically competitive state.
Click here to read the full letter.