Wisconsin married couples to benefit under tax package

MADISON - Married couples would benefit the most under a Republican-authored tax plan that's to be added to the state budget on Thursday.

Republican Rep. Dale Kooyenga said Wednesday he will be proposing a tax package that cuts and raises taxes about $40 million over the next two years.

It would increase the standard deduction for married couples filing jointly by $550 and bring the state's alternative minimum tax in line with the federal tax code. No one earning below $78,750 for married couples filing jointly would be subject to the alternative minimum.

Full story: WJFW