Friday, January 24, 2014

Wisconsin's Governor Walker Says Surplus Is Taxpayers' Money, Michigan Governor Snyder ... Not So Much

Reported here on January 17th:

Wisconsin's budget surplus was projected Thursday to reach nearly $1 billion, money that Gov. Scott Walker and Republican legislative leaders are eyeing for income and property tax cuts. ...

"The additional revenue should be returned to taxpayers because it's their money, and my administration will work with the Legislature to determine the most prudent course of action," Walker said in a statement.

Reported here on January 10th:

Michigan Gov. Rick Snyder and state lawmakers are looking at $971 million in new one-time and ongoing revenue as they begin work on the next fiscal budget, setting the stage for a debate over possible tax cuts, rebates and new investments. ...

Michigan House Republicans on Tuesday unveiled an updated action plan that emphasized tax relief for residents. Gov. Rick Snyder has also signaled he is open to the idea but has stressed the need for long-term planning rather than knee-jerk cuts.