Gov. Walker to announce new tax cut proposals - WKOW 27: Madison, WI Breaking News, Weather and Sports

Gov. Walker to announce new tax cut proposals

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MADISON (WKOW) -- A spokeswoman for Governor Scott Walker says the governor plans to propose "significant" income and property tax cuts in his State of the State address.

Spokeswoman Jocelyn Webster said Wednesday that Walker can propose the tax cuts because state tax collections are significantly higher than anticipated.

The nonpartisan Legislative Fiscal Bureau plans to release the updated budget projection on Thursday. Webster says it's expected to show state tax collections are hundreds of millions of dollars above previous estimates.

During Walker's address, he will lay out a property tax cut and an income tax withholding plan, according to Webster. Walker will deliver the State of the State on Wednesday, January 22.

Webster says the governor is working closely with Republican legislative leaders on his proposals.

Democrats are already raising concerns about Walker's plan to cut taxes, saying he should be focused on finding ways to create jobs.

The Legislature last year cut income taxes by $650 million and property taxes by $100 million.

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