Wisconsin State Senate Votes to Sack Controversial Elections Regulator, Overrides Evers’ Tax Cut Veto

Wisconsin’s Republican-controlled state Senate on Thursday rejected Wisconsin Elections Commission Administrator Meagan Wolfe’s nomination to serve another four-year term, a move that normally would end the controversial regulator’s tenure in office.

But liberals are already challenging the Senate’s overwhelming vote to fire Wolfe, and the bureaucrat has defiantly said she’s not going anywhere.

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Wisconsin’s Evers Promises to Veto Republican’s Second Tax Cut

The second attempt from Wisconsin Republican lawmakers to cut taxes will end the same as the first Gov. Tony Evers said Wednesday.

Evers took to social media to promise a veto for the $3 billion tax cut that began its journey through the legislature Wednesday.

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Wisconsin Assembly Republicans Roll Out Nearly $3 Billion Tax Cut Plan

In the wake of Governor Tony Evers’ gutting of a historic tax cut proposal earlier this summer, Republicans are pushing another plan they said would deliver nearly $3 billion in tax relief for retirees and the middle class.

Conservative lawmakers said the plan to tap into the state’s projected $4 billion budget surplus is a “second chance” for the liberal governor to “do the right thing” and return overpaid tax dollars back to Wisconsin’s taxpayers.

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Wisconsin Lawmakers Introduce ‘Tiny Tot Tax Cut’

Taking a page from a Florida plan to bring tax relief to families, two Badger State Republican legislators are pushing a bill that would create a sales tax exemption on baby-related products.

State Representative David Steffen (R-Howard) and State Senator Jesse James (R-Altoona) recently introduced the “Tiny Tot Tax Cut” to help fight inflation where it can hurt families the most.

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Commentary: Tax Relief Is Coming to Millions of Red-State Residents in Ohio, Connecticut, and More

July marked the beginning of Fiscal Year 2024 for 46 of the 50 states. It also closes the books on most state legislative sessions in what was an incredible 2023 for hard-working taxpayers.

In recent years, we’ve seen significant income tax relief in the states. Notably, 10 states – Kentucky, West Virginia, Montana, Utah, Arkansas, North Dakota, Indiana, Nebraska, Connecticut, and Ohio – have cut personal income taxes (PIT) in 2023. With the new addition of West Virginia, North Dakota, and Connecticut, 22 states have cut personal income taxes since 2021, with several of these states cutting taxes multiple times during that period.

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Wisconsin Governor Tony Evers Signs Budget, Guts $3.5 Billion Tax Cut with ‘Frankenstein’ Veto Pen

In signing Wisconsin’s new two-year spending plan Wednesday, Democrat Governor Tony Evers liberally applied his veto pen to the Republican-crafted biennial budget, gutting a $3.5 billion tax cut proposal that had reduced the state’s tax brackets and delivered relief for all taxpayers. 

Republicans blasted the governor for his 51 partial vetoes, including a particularly sneaky one that changed the meaning of funding for schools to a four-century commitment.

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$412 Million Tax Cut Headlines Tennessee Bills That Become Law Saturday

Many of the laws passed during the recent Tennessee Legislative session will go into place July 1, the beginning of the new fiscal year, including a $412 million tax cut.

That cut includes $272.8 million toward a three-month grocery tax holiday between Aug. 1 and Oct. 31 along with changing the state franchise and excise business taxes to single sales factor taxes like 32 other states.

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Wisconsin’s Budget-Writing Committee Passes Budget with ‘Historic’ $4.3 Billion Tax Cut

After a season of spending, the Wisconsin Legislature is finally getting around to talking tax cuts. Perhaps Republicans have saved the best for last.

The Republican-controlled Joint Finance Committee put the finishing touches on a complete rewrite of Democrat Governor Tony Evers’ 2023-25 state budget proposal, passing a tax reform package that promises to deliver $3.5 billion in income tax cuts and nearly $800 million in property tax relief. 

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Republican Lawmaker Want Pennsylvania Corporate Tax Reduced Further

State representative Dallas Kephart (R-PA-Clearfield) wants to reduce Pennsylvania’s corporate net income tax (CNIT) to four percent by 2025. 

Last year, lawmakers budgeted a gradual decrease in the CNIT from 9.99 percent to 4.99 percent over the coming decade. Before the change, the Keystone State charged corporations the highest state business tax in the U.S., behind New Jersey’s 11.5 percent rate. Now at 8.99 percent, Pennsylvania’s levy is 8.99 percent — the fifth highest. Assuming other states’ rates stay constant, Pennsylvania’s CNIT will end up roughly in the middle in terms of corporate taxes in 2031. 

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Vos Teases Tax Cut Plan for Wisconsinites ‘Who Actually Pay Taxes’

The focus at the Wisconsin Capitol has, so far, been on sending more money to local governments across the state. Assembly Speaker Robin Vos says that’s going to change.

Vos on Friday told News Talk 1130 WISN’s Jay Weber that Republicans are working on a plan to use about $3 billion of Wisconsin’s record $7 billion surplus on tax cuts.

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State Budget-Writing Co-Chair on Evers’ Budget Plan: So Many Bad Ideas, So Little Time

Forget the ax, the Legislature’s budget-writing committee is about to take dynamite to Governor Tony Evers’ record $104 billion budget proposal. 

The Democrat’s 2023-25 budget blueprint seeks a 24 percent spending increase over the biennium, funding a long list of liberal policy initiatives and grow government agenda items. 

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Connecticut Gov. Lamont Seeks Income Tax Cut in Budget Proposal

Connecticut Gov. Ned Lamont is pitching a plan to cut state income taxes for middle-class workers as part of his budget plan for the next fiscal year. 

Lamont’s proposal, unveiled Monday, calls for permanently lowering the personal income tax rate on single filers’ first $10,000, and $20,000 for joint filers of adjusted gross income from 5% to 4.5%, and the rate on income up to $50,000, and $100,000 for joint filers from 3% to 2%, beginning in 2024. The move, if approved, is projected to save taxpayers $440 million annually.

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Florida’s DeSantis Seeks Tax Relief in Proposed $114 Billion Budget

Florida Governor Ron DeSantis held a news conference in Tallahassee Wednesday to discuss his “Framework for Freedom” budget.

DeSantis’ proposed $114.8 billion budget contains some tax relief measures as the economy in the Sunshine State has performed far better than other states. Last year the state surplus was over $20 billion, and DeSantis stated that this money needs to go back to the people.

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Wisconsin Flat Tax Proposal Overshadows Zero Tax Idea

Tax reform is top of mind for Republicans this legislative session. But while a flat tax measure has taken center stage, another proposal by one legislative leader to eliminate Wisconsin’s personal income tax has seemingly disappeared from the tax cut discourse.

A new State Policy Network (SPN) survey shows a good deal of support for nixing the state income tax.

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Michigan Projects $9.2B Surplus, Which Could Trigger a Tax Cut

Despite a possible mild recession, Michigan’s fiscal experts project a $9.2 billion taxpayer surplus that could trigger a tax cut.

Nonpartisan fiscal agencies project Michigan will gather $32.4 billion in revenue for the 2022-23 fiscal year.

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Ohio’s Buckeye Institute Urges Circuit Court to Kill Biden Tax Mandate

The Columbus-based Buckeye Institute this week filed an amicus brief in the federal court case challenging the authority the Biden administration has asserted to limit state tax-reduction efforts. 

Opponents of the White House policy are urging the U.S. Court of Appeals for the Fifth Circuit to rule in Texas v. Yellen that a provision of the American Rescue Plan Act (ARPA) cannot condition states’ receipt of federal aid on accepting “ambiguous” federally prescribed tax policy. Plaintiffs and their supporters further argue that President Joe Biden and his Treasury Secretary Janet Yellen cannot invoke their regulatory power to fix ARPA’s lack of clarity.

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Lamont Plans to Sign Connecticut Budget

Connecticut Gov. Ned Lamont (D) indicated Thursday he plans to sign the $24 billion Fiscal Year 2022-23 state budget passed by the Democrat-controlled General Assembly.

Democratic representatives and senators likewise hailed the fiscal plan, noting the nearly $600 million in tax reduction it contains.

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Senate Passes Largest Permanent Tax Cut in Minnesota State History

The Minnesota Senate passed what Republicans are calling the largest permanent tax cut in state history on Thursday.

SF 3692, passed in a bipartisan 42-24 vote, eliminates state income tax on Social Security benefits and reduces the first-tier rate from 5.35% to 2.80%, according to a press release.

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July Ushers in Georgia Income Tax Cut, New Business Incentives

Person writing on paper with pen

New laws that will cut income taxes for Georgians and increase tax incentives for businesses go into effect Thursday with the start of a new fiscal year.

Dubbed the Tax Relief Act of 2021, House Bill 593, raises the standard deduction on state income tax returns for a single taxpayer by $800 to $5,400 and by $1,100 to $7,100 for a married couple filing a joint return, starting in the 2022 tax year.

HB 593 created the second tax cut of its kind in three years. It will cut income taxes by more than $600 million collectively over the next five years. The Georgia Legislature doubled the state’s standard deduction under the Tax Cuts and Jobs Act in Georgia in 2018.

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Arizona Senate Passes Budget After House Democrats Walk Out to Block Proceedings

Arizona Senate Passes Budget

The Arizona Senate worked late into the night on Tuesday in order to pass the state’s budget and other key initiatives, such as expanding the state’s school voucher program and blocking Critical Race Theory (CRT) education.

The proceedings began on the Senate side after Arizona House Democrats refused to show up at the Capitol, blocking the deliberative body from being able to conduct debate on a budget and tax cuts for the state’s residents.

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Senate Approves Tax Cut for Georgia Taxpayers

The Georgia Senate has approved a bill that collectively would cut income taxes for individuals by more than $600 million over the next five years.

House Bill 593, dubbed the Tax Relief Act of 2021, raises the standard deduction on state income tax returns for a single taxpayer by $800 to $5,400 and by $1,100 to $7,100 for a married couple filing a joint return, starting in the 2022 tax year.

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Commentary: Check Your Tax Return Again, You Probably Paid Less This Year Under the Trump Tax Cuts

by Robert Romano   Only 40 percent of respondents in a recent New York Times-SurveyMonkey online poll thought they had received tax cuts under the 2017 tax cut legislation that was signed into law by President Donald Trump. A separate NBC-Wall Street Journal poll found 28 percent believe they will…

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Republicans Unveil Tax Cuts Round Two On The Same Day Progressives Release Plan For Tax Increases

Steve Scalise

by Julia Cohen   House Republicans announced they are working on a second iteration of tax cuts on Tuesday, the same day the Congressional Progressive Caucus announced a proposal for raising taxes. “The tax cuts have been working incredibly well to get this economy moving, to create more jobs, to…

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