June 3, 2014

Wisconsin Budget Project: Recent Tax Cuts Deliver Little to People Who Earn the Least

ITEP Work in Action

Three major tax cut packages passed by the Wisconsin legislature in the last year have delivered relatively little benefit to the lowest earners, who are struggling to make ends meet. In dollar amounts, the largest tax cuts went to the Wisconsin taxpayers who earned the most. If state lawmakers want to cut taxes for Wisconsin taxpayers who don’t earn very much, the best way to do that is to strengthen tax credits that keep income and property taxes affordable for low-income individuals and families. For a fraction of the cost of the 2013 and 2014 tax cuts, lawmakers could restore recent reductions in the Earned Income Tax Credit and Homestead Credit that weakened those two important breaks for lower-income people.

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