In addition to restoring indexing, Thompson and the Legislature have cut income-tax rates in recent years. They cut income-tax rates for a typical taxpayer from 6.93 percent of taxable income in 1997 to 6.5 percent this year. Although sales and income taxes have not increased under Thompson, taxes and fees that support transportation programs have. Despite the increases in state spending, Paul said Thompson likely will enjoy a good reputation on economic issues. He noted that Wisconsin's unemployment rate has been well below the national rate during Thompson's years in office.
Jobs are plentiful.
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