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Assembly committee to hold public hearing on Walker tax cut plan today

MADISON, WI (WTAQ) - The Wisconsin Assembly could vote a week from Tuesday on Governor Scott Walker's half-billion dollar tax cut plan -- even though it's being held up in the Senate.

The Assembly's economic committee will hold a public hearing at noon Tuesday on the Republican Walker's proposal to slash $406 million in property taxes and $98 million in income taxes.

Normally, the Joint Finance Committee would be the first to handle such a measure. But majority Senate Republicans don't have the votes to approve the tax cuts Walker announced two weeks ago in his State of the State address.

That's because it would increase the deficit at the start of the next budget by $100 million -- and senators from both parties want the structural deficit addressed first.

Walker and Assembly Speaker Robin Vos say the shortfall would be wiped out by economic growth, and they believe it's a non-issue.

(Story courtesy of Wheeler News Service)