Browsing: Tax Reform

The Democratic Governors Association is falsely insinuating that the Badger Institute panned a “scheme” by gubernatorial candidate Tom Tiffany to eliminate Wisconsin’s income tax.

Wisconsin should replace its current graduated individual income tax with a single-rate structure and set that rate as low as fiscal conditions responsibly allow.

The choice Wisconsin leaders make about income tax policy will have important implications for the state’s future competitiveness and prosperity.

Think of the failure of the $1.8 billion tax-and-spending deal between Gov. Tony Evers and the Legislature as a second chance at better policy.

Some lawmakers in Madison, however, led by members of the Assembly’s Socialist Caucus,  want to implement an estate tax with a top rate of 20 percent. Currently in draft form before being introduced, their legislation would propel Wisconsin to a tie with Hawaii for the second-highest state rate in the nation.

Wisconsin’s expanded retirement income exclusion will undermine the tax code’s neutrality and shift burdens onto working families over time.

Progressives object because proposed Wisconsin tax relief goes to people they envy.

Legislative Republicans’ proposed tax measure “is a relatively well-structured way to provide relief for lower- and middle-income Wisconsinites,” said Katherine Loughead.

Taxes in the Badger State are simply too high and too uncompetitive — which is why Wisconsin must consider a low, flat-rate individual income tax.

Wisconsin’s governor talks of new 9.8% top tax rate — one that would wallop businesses that don’t flee.

A single-rate tax reform would change Wisconsin’s tax picture from a grave liability to an advantage.

How does Wisconsin’s spending compare to other states? It depends which ones you’re looking at and what sort of spending counts.

How do other states without an income tax fund essential services? Under what circumstances would this be feasible in Wisconsin?

People are leaving Illinois, Minnesota and Iowa and, according to a new study by the Tax Foundation, the loss of state revenue and the population migration are closely tied to punitive tax structures in those states.

Sociologist Brad Wilcox is telling young people to marry because it will make them happier. “People who embrace the core values and virtues associated with marriage are more likely to flourish both in marriage and in life.”

Free-market reforms are driving prosperity and fostering human flourishing in the Dairy State. This unmistakable trend is evident in state economic indicators from recent decades, a hopeful story that can instill pride in all Wisconsinites.

The population of Eau Claire County, now approximately 108,000, has grown almost 10% just since 2010. A little farther west, just across the St. Croix River from Minnesota, St. Croix County has grown 15%.

Wisconsin’s Republican lawmakers recently introduced Assembly Bill 660, aiming to help employers provide support for working families in meeting the costs of childcare. While the bill’s intentions are commendable, the approach of directly subsidizing employers to create and subsidize childcare slots has proven ineffective in other contexts.

The Badger Institute favor tax cuts. But the problems with SB 435 are two-fold: unfair tax exemption and poorly targeted tax relief.

Social Security already is exempt from income taxes in Wisconsin. Now two Republican legislators are circulating a bill that would virtually eliminate all income taxes on retirees.