Badger InstituteBadger Institute
  • Home
  • Issues
    • Taxes
    • Education
    • Crime & Justice
    • Spending & Accountability
    • Economy & Infrastructure
    • Federalism
    • Licensing
    • Healthcare
    • Civil Society
  • Mandate for Madison
  • Research
  • Magazines
    • Diggings
    • Wisconsin Interest
  • Events
  • Media
    • Podcast
    • Fact Sheets
    • Viewpoints
    • Press Releases
    • Badger in the News
    • Video
    • Audio
    • Testimony
  • About
    • Our Mission
    • Board of Directors
    • Team
    • Visiting Fellows
    • America’s Future
    • Careers
  • Newsletter
  • Donate
  • Contact Us

Subscribe for Updates

Get the latest news and updates from Badger Institute.

What's New

State landlords hit hard by eviction moratorium

May 25, 2023

At home with politically incorrect language

May 25, 2023

Licensing reform gains momentum in Wisconsin Legislature

May 22, 2023
Facebook Twitter YouTube LinkedIn Instagram
TRENDING:
  • State landlords hit hard by eviction moratorium
  • At home with politically incorrect language
  • Licensing reform gains momentum in Wisconsin Legislature
  • When parents choose a public school with more options for their children, the state provides less money. Why?
  • Legislature protects Milwaukeeans from $15-per-rider fare-free trolley folly
  • Latest crime figures show a Milwaukee in trouble
  • Wisconsin lawmakers in the dark on broadband
  • Foreseeing the Future of Wisconsin’s Flat Tax
  • Donate
  • Newsletter
  • Contact
Facebook Twitter YouTube LinkedIn Instagram
Badger InstituteBadger Institute
SUPPORT OUR MISSION
  • Issues
    • Taxes
    • Education
    • Crime & Justice
    • Spending & Accountability
    • Economy & Infrastructure
    • Federalism
    • Licensing
    • Healthcare
    • Civil Society
  • Mandate for Madison
  • Research
  • Magazines
    • Diggings
    • Wisconsin Interest
  • Events
  • Media
    • Podcast
    • Fact Sheets
    • Viewpoints
    • Press Releases
    • Badger in the News
    • Video
    • Audio
    • Testimony
  • About
    • Our Mission
    • Board of Directors
    • Team
    • Visiting Fellows
    • America’s Future
    • Careers
Facebook Twitter YouTube LinkedIn
DONATE
Badger InstituteBadger Institute
Home » Media » Press Release » Badger Institute commends new flat tax proposal for Wisconsin
Press Release

Badger Institute commends new flat tax proposal for Wisconsin

By Badger InstituteJanuary 13, 2023
Share
Facebook Twitter LinkedIn Pinterest

Institute research cited in memo from prominent lawmakers

CONTACT: Michael Jahr: michael@badgerinstitute.org or (262) 442-5208

Jan. 13, 2023 – The Badger Institute today commended Senate Majority Leader Devin LeMahieu (R-Oostburg) for introducing flat tax legislation that will produce long-term economic growth and opportunity. 

The Badger Institute and the Tax Foundation recently jointly released Tax Reform Options to Improve Wisconsin’s Competitiveness, an explanation of why moving to a single rate for individual income tax payers would benefit all Wisconsinites.  

The state’s top rate of 7.65% is now the highest individual income tax rate of any state, save one, between New York and California. As a memo Friday from LeMahieu and Rep. Rob Brooks (R-Saukville), pointed out, citing the Badger Institute’s “Mandate for Madison,” that rate makes Wisconsin’s tax code “uncompetitive and mediocre.” 

LeMahieu’s proposal reduces taxes for all taxpayers and will be beneficial for almost all businesses, 95% of which are taxed on their owners’ personal returns. There are numerous options for moving toward a flat tax contained in the Mandate for Madison, the Institute’s landmark policy recommendation playbook, most of which include altering the state’s sliding scale standard deduction in a way that helps taxpayers at the lowest end of the economic spectrum.  

“Moving toward a flat tax with a low rate will benefit everyone – small business owners who create jobs, individuals looking to earn more or keep more, folks who aspire to start businesses themselves and would like to do it in Wisconsin,” said Badger Institute President Mike Nichols. “Right now, we’re nowhere close to competitive. Fourteen states have or are shifting to a flat tax, including Iowa, Indiana, Illinois and Michigan. Others have no individual income tax at all. Our neighbors will be thrilled if we remain complacent. They’ll gladly steal our companies, our jobs and our tax revenue.”  

Reductions to Wisconsin’s top marginal individual income tax rate would be a “game changer for many of the state’s small businesses,” wrote the Tax Foundation’s Katherine Loughead in Tax Reform Options to Improve Wisconsin’s Competitiveness. Research is clear that single-rate taxes are linked to stronger wage growth and a more robust economy. 

You can learn more about the Badger Institute and Tax Foundation tax reform recommendations here.

The Badger Institute, formerly the Wisconsin Policy Research Institute, is a nonpartisan, not-for-profit institute established in 1987 working to engage and energize Wisconsinites and others in discussions and timely action on key public policy issues critical to the state’s future, growth and prosperity. The institute’s research and public education activities are directed to identify and promote public policies in Wisconsin that are fair, accountable and cost-effective.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Badger Institute

Related Posts

Legislature protects Milwaukeeans from $15-per-rider fare-free trolley folly

May 11, 2023

Medicaid: Wisconsin’s budget buster

May 4, 2023

Gov. Evers’ wide world of diversity, equity and inclusion

April 27, 2023
Categories
Top Posts

Local pols filling old budget holes with massive COVID aid

December 8, 20221,485

This is not four years ago

November 10, 20221,314

Latest crime figures show a Milwaukee in trouble

March 23, 2023758

Legislature protects Milwaukeeans from $15-per-rider fare-free trolley folly

May 11, 2023734
Archives

Sign Up for Top Picks

Our weekly e-Newsletter with the latest items and updates

Connect with Badger Institute
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
About Us
About Us

The Badger Institute is a nonpartisan, not-for-profit institute established in 1987 working to engage and energize Wisconsinites and others in discussions and timely action on key public policy issues critical to the state’s future, growth and prosperity.

Facebook Twitter Instagram YouTube LinkedIn

Sign Up for Top Picks

Our weekly e-Newsletter with the latest items and updates

What’s New

State landlords hit hard by eviction moratorium

May 25, 2023

At home with politically incorrect language

May 25, 2023

Licensing reform gains momentum in Wisconsin Legislature

May 22, 2023

When parents choose a public school with more options for their children, the state provides less money. Why?

May 18, 2023
© 2023 Badger Institute | Privacy Policy | Disclaimer | Sitemap

Type above and press Enter to search. Press Esc to cancel.

This site uses functional cookies and external scripts to improve your experience.

Privacy settings

Privacy Settings

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

CRM Software

Customer Relationship Management Software

Google Analytics

Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.

You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js, and dc.js) from sharing information with Google Analytics about visits activity.

For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: https://policies.google.com/privacy?hl=en

Powered by Cookie Information