Scott Walker’s Tax Cuts Are Coming Back to Haunt Him

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Via Ed Kilgore, this might prove to be Scott Walker’s biggest Achilles’ heel:

Wisconsin Governor Scott Walker, facing a $283 million deficit that needs to be closed by the end of June, will skip more than $100 million in debt payments to balance the books thrown into disarray by his tax cuts.

….“They need some cash,” said Todd Berry, president of the Wisconsin Taxpayers Alliance, a nonpartisan research group that examines taxes and government spending. “This is kicking the can down the road.”

For the time being, this is probably not a big deal. Walker says he’s just “restructuring” the state’s debt, and that will probably wash for now. But there’s no question that Walker’s tax cut zealotry puts him in a dilemma. If the economy continues to slog along, Wisconsin’s finances will deteriorate and Walker’s presidential chances will suffer. If the economy picks up, Wisconsin will benefit but so will Hillary Clinton. The path to presidential success often turns out to depend on the economy, and for Walker it might end up being a narrow path indeed.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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