Assembly Speaker Robin Vos said Tuesday lawmakers won’t likely get rid of Wisconsin’s alternative minimum tax, although they could end up changing it.
Some Republicans said last week they were looking at ending the alternative minimum tax, a move that would primarily benefit people who earn more than $200,000. However, Vos is downplaying the idea.
“I don’t think that we are going to do the original idea that we had talked about,” he said.
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While he was not specific, Vos said Republicans could still modify the tax as they wrap up the budget.
“It should be no surprise that in a session where we control the Assembly, we’re going to again push to reduce people’s income taxes or people’s taxes in general,” he said.
Democrats have blasted the changes being discussed by Republicans, saying it’s wrong to cut taxes for the rich when the state is making drastic spending cuts to the University of Wisconsin.
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