Tuesday, March 15, 2011

Budget includes Tax Increase for the Working Poor and Tax Cut for Wealthiest

Governor Walker’s budget would cut the Earned Income Tax Credit (EITC) by $41 million over the biennium, a harsh blow for the states’ struggling low-income families. This proposal stands in stark contrast to his recommendation to reduce the capital gains tax by more than $36 million, with nearly all the benefit accruing to the state’s wealthiest taxpayers...

Read the entire blog entry written by the Wisconsin Budget Project >>>

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