MacIver News Service | March 19, 2013[Madison, Wisc…] The Joint Committee on Finance held its first hearing on the 2013-2015 state budget on Tuesday.
Sen. Jennifer Shilling (D-La Crosse) outlined her party’s opposition to Governor Walker’s proposal, specifically the middle class tax cut. She said it will benefit the rich and hurt the poor.
Sec. Mike Huebsch, Department of Administration, was on hand to provide his agency’s brief, and was able to respond to Shilling’s claim showing that the middle class tax cut will result in $1.7 billion in taxpayer savings over the next ten years. Huebsch also pointed out that the tax cut only reduces the tax rate for the bottom three brackets, leaving the top two tax brackets untouched.