After cooking the books in his first budget, Scott Walker is once again using funny math and accounting gimmicks in drafting his second state budget.
Despite his recent trip to Washington D.C. to meet with the President and other Republican and Democratic governors on the impact of going over the so-called “fiscal cliff,” Scott Walker is relying on precisely that scenario in his upcoming state budget.
Walker’s Department of Administration is projecting more than $1.5 billion in new revenue for Walker to play with in the budget, yet fails to mention that at least $219 million of that revenue would only potentially be available if Congress doesn’t come to an agreement in its negotiations over the fiscal cliff.
If Congress fails to come to an agreement on an overall deficit reduction package by the end of the year, income taxes will automatically go up on all Americans – including 97 percent of small businesses and the 98 percent of Americans who make less than $250,000 a year.
“Once again, Scott Walker is working with bogus numbers in his budget -- this time, it’s inflated revenue projections that rely on a failure in Washington to come up with an overall deficit reduction package,” Democratic Party of Wisconsin Chair Mike Tate said Friday. “With Wisconsin trailing the rest of the Midwest in economic recovery, the last thing we can afford is an average $2,200 tax increase on working Wisconsin families. Instead of cheering for his Tea Party friends to hold the country hostage to preserve tax cuts for the wealthy, Scott Walker should encourage them to quit the political gamesmanship and reach a balanced plan to restore economic security.”