At Tuesday’s Assembly floor session, Rep. Terry Katsma (R-Oostburg) speaks in favor of expanding the 4.4% tax bracket to include incomes up to $150,000 for married couples filing jointly. (Screenshot | WisEye)
The Wisconsin Assembly passed four Republican tax cut proposals Tuesday, two of them along party lines.
The centerpiece of the Republican package would expand the 4.4% state income tax bracket, the second-lowest, to up to $150,000 of income.
A second bill would exempt from the state income tax the first $75,000 in retirement income for single filers and the first $150,000 for married couples filing jointly. A third bill increases the state income tax credit for married couples.
On a fourth bill, increasing the state’s child and dependent care tax credit, all but four Democrats joined the Republicans in voting Yes. At the same time, Democrats emphasized that without substantial direct state support for child care providers, that measure would be inadequate to bolster Wisconsin’s struggling child care sector.