Browsing: Tax Reform

Policymakers should advance reforms that prioritize GSP, personal income growth

The Badger Institute today announced partnerships with several leading research organizations and subject matter experts who will contribute to its 2022 Mandate for Madison, a policy roadmap for the governor and Legislature beginning in 2023.

The following is testimony delivered by Badger Institute Senior Vice President Michael Jahr in favor of AB 692, a bill designed to eliminate the marriage penalty for participants in the Wisconsin Earned Income Tax Credit (EITC) program.

Many workers will see more in their 2022 paychecks as a result

Failure to do so will result in taxpayers providing a $700 million interest-free loan to the government in both 2021 and 2022

Tax relief in 2021-’23 budget will provide substantial relief to individuals, families and businesses

Changes to TPP, UI, and tax brackets are all being debated

A menu of pro-growth tax reform options from the Tax Foundation and the Badger Institute.

The policy decisions state policymakers make in the months ahead will have far-reaching implications for how quickly jobs and wages are restored in Wisconsin.

The Legislature should not delegate taxing responsibility and authority to an industry association

The bulk of the wealth of the very rich is in business assets, which benefit the economy

Milwaukee’s first socialist mayor blamed his 1912 re-election loss on his call to tax the assets of the rich

Rich people shouldn’t be the beneficiaries’ of a federal program that gives investors tax breaks to help disadvantaged areas, critics say

Last month, the Wisconsin Department of Revenue released data showing the state’s general fund tax collections for fiscal year (FY) 2019 were up nearly $1.2 billion, or 7.4 percent, from FY 2018, and nearly $703 million higher than anticipated when the state’s FY 2018-19 budget was adopted.

Switching to a progressive income tax structure would drive Illinois even further behind Wisconsin

Wisconsin’s pro-growth, fiscally responsible policies are drawing an increasing number of Illinois residents to the state.

Department of Revenue’s guidelines on taxing ice cream cakes illustrate the absurd complexity of state’s sales tax system

Context and Trends

Income tax credits paired with numerous tax increases.

Wisconsin’s overall tax structure remains behind competitor states in simplicity, tax rates and business climate for residents and investment. How can we reform the tax structure so that the state reaches its full potential? Joe Bishop-Henchman and Katherine Loughead of the Tax Foundation discuss suggested reforms as detailed in the recent book from the Badger Institute and the Tax Foundation. Their presentation was delivered at the Badger Institute’s Policy Symposium.