Senate Majority Leader: In Good Shape to Pass Tax Cut Plan - WBAY

Senate Majority Leader: In Good Shape to Pass Tax Cut Plan

Updated:

Sunday morning Senate Majority Leader Scott Fitzgerald said the Republican caucus "is in good shape" to pass Governor Walker's tax cut plan.

Last week it passed the Assembly mainly along party lines.

The half-billion dollar package would reduce property taxes on average $131 in December, according to the non-partisan Legislative Fiscal Bureau.

The fiscal bureau also found it would cut income taxes on average $46.

Republican senators have been negotiating changes privately.

A number have publicly been concerned with the state's structural deficit, which was projected to grown under the plan.

"Yeah, that's the big question," Fitzgerald said on UpFront With Mike Gousha. "How much growth do you really need to get everyone comfortable?"

Governor Walker said last week he'd be up for a few tweaks to his plan.

Fitzgerald said those tweaks center around the structural deficit, moving funds from the budget stabilization fund to the statutory balance, while keeping the proposed tax cuts in place.

"What it really means is there will not be as large a structural deficit as was created in the original bill," Fitzgerald said. "And that's really the tweak the governor was looking for, or would certainly sign off on. That also brings some of my members on board."

Fitzgerald said the Senate plans to first send the bill to the legislature's Joint Finance Committee before voting on the plan itself.

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