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GOP eyeing tax cut as they prepare to gut Evers' plan

Wisconsin State Capitol
Posted at 4:58 PM, May 05, 2021
and last updated 2021-05-06 12:46:44-04

MADISON, Wis. (AP) — Republicans who head the Legislature’s budget committee are telling Wisconsin’s business leaders that they are optimistic a tax cut will be a part of the next two-year spending plan.

The lawmakers on Wednesday told Wisconsin Manufacturers and Commerce that details on what type of tax cut and how much were still being discussed.

Discussion of a tax cut comes as the budget committee plans on Thursday to cut hundreds of Gov. Tony Evers’ proposals from the budget, including $1 billion in tax increases mostly on capital gains and manufacturing income.

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