Congressman Scott Fitzgerald announced on Apr. 17 that the Working Families Tax Cuts have resulted in lower taxes for many Wisconsinites this year. According to Fitzgerald, the average taxpayer in Wisconsin will see a tax cut of $3,177, and a family of four with two children earning up to $73,000 will owe no federal income taxes.
Fitzgerald said these changes are important because they provide financial relief to working families across the state. He said he was proud to support what he described as “the largest tax cut in U.S. history.” The legislation includes several measures: a $25,000 deduction for tipped income, a $12,500 deduction on overtime premium pay, and a $6,000 bonus deduction for Social Security recipients.
The new law also doubles the death tax exemption permanently to help family farms stay within families and increases the child tax credit to $2,200 per child. Additional provisions include a $10,000 deduction for interest on new cars made in the United States and new benefits aimed at reducing borrowing costs for family farms. The law creates so-called Trump Accounts with a $1,000 deposit for all newborns into savings accounts and makes permanent the 20% small business deduction.
“These reforms put more money back in the pockets of working families, farmers, seniors, and small businesses across Wisconsin. I will continue fighting for policies that lower costs and grow our economy,” Fitzgerald said.
Fitzgerald has represented Wisconsin’s 5th district since replacing Jim Sensenbrenner in 2021 according to Ballotpedia. Before serving in Congress beginning in 2021 as reported by Wikipedia, he served from 1995 until then in the Wisconsin State Senate.
In recent elections Fitzgerald won against Mike Van Someren with over sixty-four percent of votes cast according to The New York Times and previously defeated Tom Palzewicz by about twenty percentage points as reported by The New York Times. Born in Chicago in 1963 but now living in Clyman according to his congressional biography, Fitzgerald graduated from University of Wisconsin–Oshkosh with a Bachelor of Science degree in 1985.
