When Governor Scott Walker took office in January 2011, he began a wave of reforms that have advanced Wisconsin’s economy. Wisconsin added over 63,000 private sector jobs in 2011-12 following the loss of about 134,000 private sector jobs during the previous four years. The private sector job gains under Governor Walker are the best two-year gains under any Governor in over a decade.
Yesterday, the Wisconsin Rapids Tribune posted an article about Governor Walker’s plan to use part of the state’s surplus to reduce taxes on the residents of the state.
The article reports:
Assembly Republicans put the finishing touches Tuesday on Gov. Scott Walker’s plan to devote a huge chunk of the state’s surplus to tax cuts, approving the proposal one last time before sending it to the governor to be signed.
…The bill calls for using the state’s projected $977 million surplus to cover property and income tax cuts. The measure would send $406 million to technical colleges to reduce their property tax hit and cut income taxes by $98.6 million. The changes would translate to a $131 reduction on a median-valued home’s property tax bill this December and save the average worker $46 in annual income taxes.
Admittedly, that’s not very much–a little over $200 for a family where both parents work–but it represents movement in the right direction. How many years have the residents of Wisconsin watched their taxes increase by that much?
Governor Walker created an environment in Wisconsin that attracted businesses, and businesses came. The irony of this is that many ‘experts’ have attributed the migration of Americans to southern states to warmer climates–frankly, I am not sure you could convince anyone to go to Wisconsin based on climate alone.
Congratulations to Governor Walker for a job well done!