Just a little more than an hour apart, but world’s away in leadership are Mayor Rahm Emanuel of Chicago and Wisconsin’s Governor Scott Walker. Thursday, Walker announced today that the budget he will sign this summer will include “significant” cuts to the income tax rates. Rahm, on the other hand, plans to introduce a gun ordinance.
From the Milwaukee Journal-Sentinel:
Gov. Scott Walker pledged Thursday to cut income taxes in the state budget he signs this summer, calling it the best way to spark the economy. But he also said the reduction would be phased in over a number of years.
“For us, one of the biggest bangs for our buck is dropping the individual income tax rate, putting more money back in the hands of consumers and small business owners out there so that they in turn can invest that money, they can take out loans, they can move forward and put people to work. We’re committed to doing that,” the Republican governor told the Wisconsin Bankers Association at the group’s annual Economic Forecast Luncheon in Madison.