Browsing: Economy

Legislative leaders say costly project not needed or wanted Wisconsin officials in the Evers administration, supported by politicians in many…

Congressman Bryan Steil is still waiting to hear back from U.S. Department of Transportation Secretary Pete Buttigieg about his request to please make it clear Milwaukee does not have to run “The Hop” streetcar through a closed construction site on Sundays — and Sundays only — during the winter in order to meet the requirements of a federal grant.

Milwaukee city officials are going to run their streetcars, part of the $128 million Hop, through a closed construction site on Sundays, and Sundays only, throughout the winter in order to satisfy the requirements of a federal grant.

A wedding barn is nothing like a tavern — especially in ways that matter for liquor laws. The Badger Institute is happy to join an effort to fill in Wisconsin lawmakers on why.

Minimum markup laws hurt consumers by making goods more costly. Wisconsin should repeal its antiquated minimum markup law, as Badger Institute has advocated for decades.

It’s telling that Gov. Evers, Sen. Larson and the rest keep using words like “the wealthy” and “rich” to talk about their targets. The Wisconsin income tax is levied not on wealth that people have saved but on income — what they earn. If you say “rich,” with its implications of inheritance or luck, you don’t have to grapple with how taxes take what someone is working for.

Using his partial veto power, Gov. Tony Evers removed the Legislature’s first steps on tax reform for Wisconsin, canceling a simplification of Wisconsin’s income tax rates and a reduction in the rates covering much of the middle class and most of the state’s businesses.

Wisconsinites clearly got some wins in the 2023-2025 biennel budget. Now the task at hand is consolidate and expand those moving forward.

When and why did bringing internet access to every home and business in Wisconsin become the sole province of government, rather than the marketing mission of established private internet providers?

A plan passed by Wisconsin’s Joint Finance Committee saves taxpayers $3.5 billion over two years, money that came from them in the first place because they’re currently overtaxed. Gov. Evers would do well to sign off on that plan.

The Badger Institute supports a flat-rate individual income tax, a structure increasingly adopted by competing states. We have spent years researching options for reform that includes a single, low rate. But if that is out of the question as budget negotiations proceed, the priority should be Wisconsin’s top rate.

America is choosing sides and Wisconsin — given the lurch to the left along its borders — can greatly benefit.

Minnesota, Illinois and Michigan are all now among America’s 17 thoroughly blue states where Democrats control both chambers of the legislature as well as the governor’s mansion. We are just one of 11 states with divided government, according to Ballotpedia, and Iowa is one of 22 states that is totally red.

Thousands of Wisconsin renters caught a break when the Centers for Disease Control and Prevention imposed a moratorium on evictions in September 2020, ostensibly to prevent the spread of the COVID-19 virus. But Wisconsin landlords like Mike Cerns had already paid the price. Cerns estimates he lost between $60,000 and $80,000 in unpaid rental income and the cost of repairing property damage from bad tenants he could not evict. “The federal government essentially stole my property during the eviction moratorium and the courts were an accessory to the theft,” he says.

Wisconsin’s top marginal income tax rate—the rate that matters most to the state’s economic competitiveness—remains among the highest in the country. Moving to a flat tax would substantially improve Wisconsin’s tax competitiveness. Separately, repealing the personal property tax would reduce compliance burdens for taxpayers and administrative burdens for the state. As policymakers work on the next biennial budget, each of these policy changes deserves thoughtful consideration.

Wisconsin can — and we think has to — do a lot more to compete with our neighbors. That’s where competition has to take place and with much of the rest of America. Or, watch our children and our neighbors move to states with more jobs and better wages, more opportunity and more prosperity. And those who are left behind at all levels are going to have fewer jobs, less opportunity, and more of the tax burden. People who are left behind are going to bear more of the tax burden. So, to us, the choice would seem clear.

Estimates show moving to a flat individual income tax in Wisconsin could generate nearly $7.2 billion in additional GDP, $614 million in new investment, and nearly 24,000 additional jobs over the next five years.

Unions — and the progressives looking to make them again mandatory in Wisconsin — don’t get markets. They don’t get that in a market, a seller and a buyer or an employer and an employee must both benefit or no future deals happen. Instead, the game is zero sum, a fight for morsels, and only the bigger fist wins.

Many of the folks proudly wearing the cardinal and white are Wisconsin transplants who are now sunburnt Florida residents. They were lured south, many of them, for short stints by the sun and the surf, but stayed for the taxes — or, actually, the lack thereof.

Wisconsin’s economy shows some worrisome signs in top-line economic output and some positive trends, such as fairly large net migration from other Midwestern states, both in people and in income. And while the Badger State’s fiscal and regulatory policy mix is closer to the norm among states than it was even a decade ago, there is a clear need for additional reforms.

Wisconsin Senate Majority Leader Devin LeMahieu has introduced a plan to transition over four years to a flat 3.25% individual income tax from the current four-bracket structure with a top rate of 7.65%.

He discussed the plan in this office in the Capitol Wednesday with Badger Institute President Mike Nichols in this week’s edition of the Institute’s Free Exchange podcast.