"I doubt it'll happen in this budget," Marklein said.Įven in a year when lawmakers and the governor entered the budget cycle with historically large financial reserves, the flat tax stood out as one proposal that could keep them from agreeing on some type of tax cut. Howard Marklein, R-Spring Green, the other cochair, said he supported the concept of a flat tax, but said it would not happen overnight.
"I think that it will be probably unlikely to get to a full flat tax in this budget," Born said. Mark Born, R-Beaver Dam, one of the cochairs of the Legislature's Joint Finance Committee, downplayed its chances. But the move would have reduced the tax revenue used to fund government by an estimated $5 billion per year, according to an estimate from Evers' Department of Revenue.Īsked about the prospects of the plan during a Wispolitics forum in Madison Tuesday afternoon, Rep. LeMahieu framed the idea as a "transformational" tax change, made possible by state government's projected $7.1 billion budget surplus. Under a proposal championed by Senate Majority Leader Devin LeMahieu, R-Oostburg, that rate would be cut to 3.25 percent for all taxpayers, regardless of income. The wealthiest residents - those individuals who earn more than $280,950 - pay a 7.65 percent tax rate. Right now, Wisconsin taxes income at four different rates depending on how much people earn. Tony Evers, who has called the idea of a flat tax a "poison pill" for the budget. While not entirely unexpected, the comments mean lawmakers could sidestep at least one big conflict with Democratic Gov. The Republican cochairs of the Legislature's budget committee said Tuesday that they do not expect to pass a "flat tax" as part of the next state budget, an idea pushed for months by a top GOP leader.
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