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Author: Wisconsin Budget Project

Wisconsin Manufacturing: Six reasons to abolish ineffective and wasteful tax credits

Wisconsin lawmakers should eliminate a recent tax credit that allows manufacturers and some other businesses to pay next to nothing in income taxes, has ballooned far beyond original cost estimates, and has done little to promote job creation. Here are six reasons the Manufacturing and Agriculture Credit is a poor use of public resources: 1. It strips resources from important public priorities that are vital to the economic well-being of businesses and families. Businesses and families in Wisconsin both need the same things in order to thrive: safe communities, a solid transportation network, excellent public schools, accessible health care,...

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Critics of Obamacare in Wisconsin fail to offer alternatives for pre-existing coverage

A lawsuit challenging the constitutionality of the Affordable Care Act (ACA) has become a source of worry for a number of politicians who have backed that litigation. Some of those politicians, such as Governor Scott Walker, are trying to counter one of the chief concerns about their opposition to the ACA by pledging that if a judge strikes down the federal law, they will take quick action to protect coverage of pre-existing conditions. The problem with the promises to protect or replace that part of the law is that the specific proposals that have been offered fall far short...

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Foxconn one year later: 8 lessons from the rushed legislation for massive subsidies

September 18 marked the one-year anniversary of the bill authorizing massive subsidies for a Foxconn plant in southeast Wisconsin. Although we still don’t know many specifics about the plant that will be built and the new jobs that will result, we have learned a lot in the last year, and the current picture is considerably different than what we had been led to believe a year ago. Here are eight significant things we have learned since the Governor pushed the huge subsidies through the legislature in great haste last year: 1) The plant will be very different from what...

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New poll finds Wisconsin voters choose education over tax cuts

A new poll found that Wisconsin residents believe that excellent public schools are important to the state’s success, and are concerned that recent changes have harmed public schools. Cutting taxes ranks relatively low among voter concerns, the poll showed. Voters all across the state place a great deal of value on Wisconsin’s schools, with nearly half (49%) naming K-12 education as among the two most important issues facing the state, according to the August 2018 poll from Marquette University Law School. In contrast, only 13% of voters identified tax cuts as among the most important issues. When presented with...

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The unsustainable habit of rewarding corporations that cut local jobs

Wisconsin keeps paying more to profitable corporations to subsidize manufacturing, while demanding less in return. In fact, the Governor’s proposal to subsidize Kimberly Clark jobs would pay that corporation roughly $7 million per year over the next 15 years — if they agree not to cut jobs by more than 7%. Compounding the problems, the proposed deal would allow the company to back out at any time, without giving up any of the generous subsidies it has received. Although the proponents of the proposed subsidies refer to them as “tax credits,” that is misleading because manufacturers already receive a...

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Revenue from Wisconsin’s new sales tax to disproportionately benefit wealthy residents

Just a few months from now, Wisconsin will begin collecting an additional $10 million per month from sales taxes on e-commerce, and state officials plan to use that revenue for an income tax cut that will disproportionately benefit wealthy state residents. The 2% of Wisconsinites with the highest incomes will get an estimated 21% of the planned tax cut. Rather than going ahead with a tax swap that once again tilts the tax code in favor of the wealthiest Wisconsinites, state lawmakers should examine other options, such as investing the new revenue into public schools, which have taken major...

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