Nicholson And Vukmir Back Tax-Cut Giveaway For Billionaire Donors
For Immediate Release
October 12, 2017
Contact: Brad Bainum, bradb@wisdems.org
Nicholson and Vukmir Back Tax-Cut Giveaway For Billionaire Donors
GOP tax plan gifts 80% of tax cuts to the top 1% of income-earners
Around 30% of middle-income working families would face tax increase
Support exposes Nicholson and Vukmir's plan to sell out Wisconsinites in order reward their big donors
GOP tax plan gifts 80% of tax cuts to the top 1% of income-earners
Around 30% of middle-income working families would face tax increase
Support exposes Nicholson and Vukmir's plan to sell out Wisconsinites in order reward their big donors
MADISON -- Republican megadonors have been running the GOP Senate primary since before it even began.
"The first big move" of right-wing ideologue Leah Vukmir's Senate campaign was a secret, behind-closed-doors meeting with billionaire megadonor Diane Hendricks, who's since become Vukmir's campaign finance co-chair. And out-of-state billionaire puppet Kevin Nicholson had $2 million from Illinois billionaire Richard Uihlein waiting in his super PAC before he even formally launched his campaign (the number's now climbed to at least $3.5 million).
We don't know everything that Vukmir and Nicholson promised to do for their big donors in exchange for money and support, but with Vukmir and Nicholson's endorsement of the Trump-Ryan tax plan, we now know that both Vukmir and Nicholson at the very least pledged to slash their megadonors' taxes while forcing some Wisconsin working families to pay even more.
According to the Tax Policy Center, the Trump-Ryan (and now Vukmir-Nicholson) tax proposal would:
"The first big move" of right-wing ideologue Leah Vukmir's Senate campaign was a secret, behind-closed-doors meeting with billionaire megadonor Diane Hendricks, who's since become Vukmir's campaign finance co-chair. And out-of-state billionaire puppet Kevin Nicholson had $2 million from Illinois billionaire Richard Uihlein waiting in his super PAC before he even formally launched his campaign (the number's now climbed to at least $3.5 million).
We don't know everything that Vukmir and Nicholson promised to do for their big donors in exchange for money and support, but with Vukmir and Nicholson's endorsement of the Trump-Ryan tax plan, we now know that both Vukmir and Nicholson at the very least pledged to slash their megadonors' taxes while forcing some Wisconsin working families to pay even more.
According to the Tax Policy Center, the Trump-Ryan (and now Vukmir-Nicholson) tax proposal would:
- give the top "1% of households...about 80% of the framework’s net tax cuts" by 2027,
- while causing taxes to "rise for roughly one-quarter of taxpayers, including nearly 30 percent of those with incomes between about $50,000 and $150,000."
"There's no way to spin the Trump-Ryan tax plan but as a gift for the wealthiest Americans served up on the backs of working families," said Brad Bainum, Democratic Party of Wisconsin spokesperson for the 2018 Senate race. "It's unacceptable that Kevin Nicholson and Leah Vukmir want to hike taxes on middle-income working Wisconsinites, while gifting their biggest donors huge, disproportionate tax cuts."
Read more from the Milwaukee Journal Sentinel.
Read more from the Milwaukee Journal Sentinel.
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