MADISON, Wisc. – Representative John Macco (R-Ledgeview) issued the following statement regarding the Republican-led “Returning Your Surplus” proposal in the Assembly. The package is estimated to cut Wisconsinites’ tax burden by over $2.9 billion, with the average filer seeing a savings of $772.
“Today, the Wisconsin Assembly Republicans announced our plan to bring much-needed tax relief to the people of our state. With the average Wisconsin family making $67,000 a year, we are bringing meaningful relief targeted to the middle class.”
“The proposal introduced today will channel the state’s surplus into a permanent reduction to Wisconsin’s middle class tax bracket. This is your money that the government took too much of, and it’s only fair that it is given back to you. We are also expanding income tax relief to Wisconsin retirees. No one who has worked their entire life in Wisconsin should be forced to move to another state because of our tax code.”
“The “Returning Your Surplus” package will move Wisconsin forward, delivering well-deserved tax relief to the middle class and retirees now, and amending our State Constitution to protect everyone in the future from irresponsible tax increases. Tomorrow, the Ways & Means Committee, which I chair, will oversee these bills as they receive a Public Hearing. I look forward to moving this proposal out of my committee into the full Assembly in the coming weeks.
