LaCrosse Tribune: Act 10 Only Benefitted the Wealthy
media mentionAccording to the institute on Taxation and Economic Policy, the wealthiest 1 percent realized an average income tax cut of $2,518, while those who lost a big chunk of their income realized a tax cut of $197 to $323 per year. It’s the same story with property owners. Most of the savings went to large property owners, many of whom don’t even live in Wisconsin.
So who paid the price for Act 10 and those tax cuts? We all did, and we will continue to as long as we keep electing trickle-down, supply-side Republicans.