Quote:
Originally Posted by Gainzo
Back on topic: Does anyone know the $$ in Wisconsin? Did Walker cut taxes for employers?
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It pretty much depends on who you talk to and where you read. Here are a few figures I've found so far:
Apparently there is an expected 2 year (other sources claim it is a 3 year projection) of a $3.6 billion dollars. This year (for one year) the expected shortfall is $137 million. (I do not understand nor can I explain the huge difference a year or so can apparently make.)
The governor released his two-year spending plan in part to support his argument that public-worker concessions are essential to confront a projected $3.6 billion budget shortfall.
The budget will put tremendous pressure on schools and local governments, which will be asked to shoulder huge cuts without raising property taxes to make up the difference.
Walker's budget includes a nearly[b] 9 percent cut in aid to schools, which would amount to a reduction of nearly $900 million. The governor also proposed
requiring school districts to reduce their property tax authority by an average of $550 per pupil -- a move that makes it more difficult for schools to make up the lost money.
Additionally,
cities would get nearly $60 million less in aid, an 8.8 percent cut. Counties would lose more than $36 million, a 24 percent reduction. They would not be allowed to increase property taxes except to account for new construction.
Walker estimates that his controls on property taxes would save $736 over the next two years for the owner of a home valued at the median price of $161,300.
He proposed a
$500 million cut to Medicaid, which would be achieved through a number of changes that include
increasing co-payments and deductibles and requiring participants in SeniorCare to be enrolled in Medicare Part D, too.
Here's the good part:
Walker asked for
$82 million in tax cuts, including an expanded exclusion for capital gains realized on investments made in Wisconsin-based businesses.
The Legislature previously approved more than $117 million in Walker-backed tax cuts that take effect later this year.The budget also cuts funding at most state agencies, by 10 percent, except for salary and benefits.
In addition to the bargaining rights changes, the bill designed to fill this year's projected $137 million deficit called for refinancing state debt to save $165 million[/I]
WI Budget repair bill: Gov. Walker unveils budget plan at Wisconsin State Capitol - WITI
Call me crazy, but if this year they are $137 million in deficit and Walker has already given more than $117 million in tax cuts (to the wealthy) and is asking for another $87million more - wouldn't the combined amount saved by NOT giving tax cuts to the rich have more than made up the deficit now being taken out of the hide of school children and Medicare/Medicaid recipients?
Or am I just that naive?