[gunhijala]

Today's GOP: If you're not rich, there's a target on your back, and you'll pay. Boy, will you pay.

Think Progress: http://thinkprogress.org/2011/04/16/walker-tax-hike/

One of the most important ideological commitments of the modern conservative movement is an opposition to tax increases. It is with this ideology that then-Wisconsin gubernatorial candidate Scott Walker signed Americans For Tax Reforms’ “Taxpayer Protection Pledge,” a vow not to raise taxes on the people of his state.

Yet in his newly proposed budget, now-governor Walker appears to have already broken this pledge. While the budget would lower taxes overall — it includes $83.3 million in tax cuts “primarily for businesses and investors” — it would make up for lost revenue by eliminating tax credits and exemptions that primarily benefit the poor and even some in the middle class.

Wisconsin’s Legislative Fiscal Bureau — the state’s equivalent of the Congressional Budget Office — finds that this would amount to a $49.9 million tax increase on people who receive these credits over the next two years: Low and middle income people would lose tax credits worth about $49.4 million over two years, the new Legislative Fiscal Bureau report said.
Those affected most by Walker’s proposal would include low-income families who qualify for the earned income tax credit program, and low-income homeowners who receive tax rebates under the homestead tax credit. In addition to eliminating these tax credits, Walker also has proposed a spate of new fee increases. The “bulk of the fee increases are for tuition at University of Wisconsin campuses, totaling more than $105 million over two years.”