Wisconsin governor Scott Walker is set to sign a two-year budget that provides tax breaks for state businesses, individual taxpayers and multi-state corporations yet includes zero state sales or income tax increases, and limits the amount schools and local governments can raise property taxes.
Furthermore, the budget contains deep cuts in education spending, health care and programs for the poor. The state will slash aid to public schools by $800 million over two years, and cut Medicaid by $500 million by increasing co-pays and deductibles. Poor families will see a reduction in their income tax credits if they have two or more children.
Critics of Gov. Walker’s myopic plan fear -- by granting tax breaks to corporations, freezing property taxes, and slashing the social safety net -- the governor will bleed Wisconsin dry in the long run.
Full Article
Source: The Nation
Furthermore, the budget contains deep cuts in education spending, health care and programs for the poor. The state will slash aid to public schools by $800 million over two years, and cut Medicaid by $500 million by increasing co-pays and deductibles. Poor families will see a reduction in their income tax credits if they have two or more children.
Critics of Gov. Walker’s myopic plan fear -- by granting tax breaks to corporations, freezing property taxes, and slashing the social safety net -- the governor will bleed Wisconsin dry in the long run.
Full Article
Source: The Nation
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