Wisconsin To Lower Income Taxes

It's nice to lower taxes, but when you live in a state that has no income tax, it's really no big deal.
From jsonline: 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.
Walker has said in recent weeks he wanted to cut income taxes, cut property taxes or do some of both, depending on what would be most effective. In his Thursday speech and in a news conference afterward, he said he saw an income-tax cut as the best way to boost the economy.
He said he would not cut property taxes but would limit their growth, signaling the limits would be the same or similar to the ones he put in place shortly after coming into office in 2011.
Walker didn't discuss how much of an income-tax cut he was talking about, other than to say it would be "significant" and would be put in place over a number of years. That means some of the tax cuts wouldn't take effect until 2016 or later - after the next budget ends in mid-2015.
For years, such long-term commitments created a massive structural deficit that made budgeting much more difficult for governors and lawmakers. Walker largely eliminated the structural deficit - the imbalance between expected revenue and expected expenses - in his first state budget and has repeatedly touted that.
Walker said he was not concerned his income-tax cut would re-create a structural deficit problem, saying lawmakers will "pay as we go" to handle income-tax cuts that would occur in the future.
"We're not going to blow it," he said. "We're not going to go hog wild. We're not going to spend all the money in a way that puts us in a deficit position like we inherited. But we do believe one of the best ways to get the economy going even greater than it is right now is to put more money back in the hands of consumers and more money, in particular, in the hands of small business."  http://www.jsonline.com/news/statepolitics/walker-will-propose-an-incometax-cut-phased-in-over-a-few-years-pt8audo-186356562.html
One of the reasons why I moved from Wisconsin was because of the high income tax rate.  When I moved to Nevada, even though I made the same base salary, my take home pay was almost $400 more per paycheck that I was making in Wisconsin. (2 checks a month- so a $800 a month pay raise)
So, hopefully, Wisconsin will not only lower income taxes, they might want to eliminate the income tax altogether.