Lawmakers push higher taxes for higher ed

MADISON, Wis. (WSAU) – Wisconsin’s technical colleges would train about 40-thousand more workers under a plan by unveiled by Assembly Democrats today.

Racine Representative Cory Mason said those making over a million-dollars a year would pay one-percent more on their income taxes. That would raise 145-million dollars, which Mason says would provide another 135-million in federal matching funds.

That money is part of a federal effort to improve technical colleges.

Also, Mason says grants would be offered to help small industries re-tool so they can hire more people.

And there would be more tax credits to help get new businesses off the ground.

Mason says he hopes the Democratically-controlled Legislature will act on the package this fall.

It’s the second time this year that higher-income people would get an income tax increase.

The new state budget added a tax bracket for those making over 300-thousand dollars a year.

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