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Baldwin Releases 10 Years of Tax Returns, Challenges Republican Hopefuls to Follow Her Lead and Do the Same
How would Republicans benefit from their plans to cut taxes for corporations and the wealthy?
MILWAUKEE- US Senate candidate Tammy Baldwin released 10 years of state and federal tax returns and challenged all of the Republican Senate primary hopefuls to follow her lead and do the same. Baldwin’s release of her tax returns showed that over the past ten years, Baldwin has earned an average Adjusted Gross Income of $169,392. In 2011 she paid $51,315 in taxes and her effective income tax rate was 19.35%.
“Wisconsin voters deserve to know if the Republican candidates would personally benefit from their own tax cut proposals and the positions they have taken in this campaign. The Republican hopefuls also owe it to the people of Wisconsin to disclose if they if they are taking advantage of, and benefitting from, any tax loopholes or sheltering any of their income or profits in off shore accounts in order to pay a lower tax rate than middle class families in Wisconsin.” said John Kraus, Communications Director for Baldwin’s Senate campaign.
In Congress, Baldwin has a record of fighting for tax breaks for the middle class and small businesses to grow our economy and create jobs. She is also the lead sponsor of legislation that requires people with incomes over a million dollars a year to pay their fair share in taxes.
“Wisconsin voters deserve nothing less from the Republican candidates, all of whom are supporting tax cuts for corporations and the wealthy while they refuse to make people with incomes over a million dollars a year pay at least the same tax rates as Wisconsin’s middle class,” said Kraus, “Either the Republican candidates release 10 years of their tax returns or they explain to the voters of Wisconsin why they believe they are entitled to keep secrets while they run for US Senate.”
All of the Republican candidates support the Ryan budget plan, which would end Medicare as we know it, while giving tax breaks to the wealthiest people in the country. They have also opposed the Buffet Rule, which would make millionaires and billionaires pay their fair share so that people with million dollar incomes pay at least the same tax rate as the middle class.