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Gov. Scott Walker signs tax cut bill into law in Cecil

CECIL, WI (WTAQ) - With about a dozen people standing around him, Governor Scott Walker made his latest tax cut official Monday.

Sitting inside a barn at a Shawano County farm, the Republican Walker called it a great day for taxpayers. He approved a $504 million tax relief package, which uses money from an expected surplus of almost $1 billion in the current state budget.

Walker said the new income tax cuts are geared toward the lowest bracket, with a maximum saving of $58 for those making $40,000 or more per year. The average property tax bill would drop by over $100.

After signing the bill near Cecil Monday morning, the governor was planning to tout the tax relief during visits to Eagle River and Eau Claire.

Walker also noted that employees would soon get more in their paychecks, with a reduction in income tax withholding. However, it means that tax filers would not get that money in a refund next spring -- which would have been the case without the reduced withholding rates. 

(Story courtesy of Wheeler News Service)